The Future is Electric: Market Analysis of the Construction Equipment Industry

Electric Construction Equipment Market

The Electric Construction Equipment Market is estimated to grow from USD 9.2 billion in 2022 to USD 24.8 billion by 2027 at a CAGR of 22.0% over the forecast period. Strict vehicular emission regulations and high ventilation costs in underground mining drive the development of the …

Innovations in Air Suspension Technology Drive Market Growth

Air Suspension Market

The Air Suspension market is projected to reach USD 21.8 billion by 2027 from USD 17.8 billion in 2022, at a CAGR of 4.2%. The trucks segment would be the largest market in the air suspension market The trucks air suspension shock absorbers help to …

Automotive Camera Market Expected to Grow to $13.9 Billion by 2028

Automotive Camera Market

The Automotive Camera Market is projected to grow from USD 8.0 billion in 2023 to USD 13.9 billion by 2028, at a CAGR of 11.7% during the forecast period. The cameras are used as advanced safety devices for enhancing the visibility of the surrounding environment …

Wireless Charging Market Set to Reach $377 Million by 2027

Wireless Charging Market for Electric Vehicles

The global wireless charging market for electric vehicles is projected to grow from USD 15 million in 2022 to USD 377 million by 2027, at a CAGR of 88.4%. Factors such as rising sales of electric vehicles around the world, along with the increasing inclination …

The Future of EV Testing: Insights into the EV Test Equipment Market

EV Test Equipment Market

The global EV Test Equipment Market size is projected to grow from USD 79 million in 2022 to reach USD 242 million by 2027, at a CAGR of 25.2%. The increasing demand for alternative fuel vehicles has increased the growth of the market for electric …

The Future of Automotive Heat Exchanger Market: Opportunities and Challenges

Automotive Heat Exchanger Market

The Automotive Heat Exchanger Market is projected to grow from USD 28.9 billion in 2022 to USD 34.3 billion by 2027, at a CAGR of 3.5%. Factors such as growth in vehicle production, paired with increasing adoption of HVAC systems in off-highway and high-end commercial …

The Power of Lighting: Impact of Ambient Lighting on Automotive Industry

AutomotiveAmbient 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 automotive ambient lighting market is mainly driven by increasing demand of premium …

Thermal Systems Market to Reach $41.7 Billion by 2027

Thermal Systems Market

Published by MarketsandMarkets, the global Thermal Systems market is projected to grow at a CAGR of 2.1% during the forecast period, from an estimated USD 37.6 billion in 2022 to USD 41.7 billion by 2027. Growing stringency of emission regulations for on-highway & off-highway vehicles …

Autonomous Forklifts: The Next Frontier in Industrial Automation

Autonomous Forklift Market

The autonomous forklift market size is projected to grow from USD 4.6 billion in 2023 to USD  8.8 billion by 2028, at a CAGR of 13.8% from 2023 to 2028. The growth of the autonomous forklift market is influenced by factors such as rising complexities …

The Ultimate Driving Experience: The Future of Automotive Wheels Aftermarket

Automotive Wheels Aftermarket

The Automotive Wheels Aftermarket is projected to grow at a CAGR of 3.5% from USD 3.4 billion in 2022 to reach USD 4.1 billion by 2027. The growth of the automotive wheels aftermarket is influenced by factors such as accident rates, changing consumer preferences for stylish …

Innovations in Industrial Equipment: The Mounted Bearing Market

Mounted Bearing Market

The Mounted Bearing Market size is projected to grow from USD 1.4 billion in 2022 to USD  1.8 billion by 2027, at a CAGR of 5.6%.Owing to extensive research & development activities by leading players in the market, products such as sensor-based bearings, self-aligning bearings, …

Forklift Market to Reach $84.5 Billion by 2027

Forklift Market

The global forklift market size was valued at USD 58.9 billion in 2022 and is expected to reach USD 84.5 billion by 2027, at a CAGR of 7.5 % during the forecast period 2022-2027. The market is expected to witness growth due to major factors …

The Future of Warehousing: Stacker Crane Industry Developments

Stacker Crane Market

The Stacker Crane Market size is projected to reach USD 1,442 million by 2027 from an estimated USD 976 million in 2021, at a CAGR of 6.7% from 2021 to 2027. The growth of the stacker crane market is influenced by factors such as rising …

The Future of Auto Repair: The Automotive Diagnostic Scan Tools Market

Automotive Diagnostic Scan Tools Market

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 …