The electric utility vehicle market is projected to grow from USD 18.9 billion in 2022 to USD 23.9 billion by 2027, registering a CAGR of 4.8%. The growing electrification of utility vehicles, increased charging density, flourishing logistics & warehousing industry, and rising commercial transport are …
The Electric Vehicle Plastics market is projected to grow from USD 3.7 billion in 2022 to USD 12.6 billion by 2027, at a CAGR of 27.9% over the forecast period. Race to reduce overall vehicle weight to increase driving range, reduce emissions in hybrid vehicles, …
The global automotive valves market is projected to grow at a CAGR of 2.3% from 2022 to 2027, to reach a market size of USD 28.2 billion by 2027. The key driving factors behind the growth of automotive valves market are rise in sales of …
The global fuel cell powertrain market size is projected to grow from USD 512 million in 2020 to USD 3,629 million by 2027, at a CAGR of 47.9%. Asia Oceania is projected to be the largest market by 2027, followed by North America and Europe …
The transport sector is one of the most significant contributors to GHG emissions globally, owing to which many countries worldwide are focusing on converting the existing fleet of commercial vehicles to zero-emission electric vehicles. With the upcoming government mandates on emissions caused by vehicles, the …
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 …
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 2023-2028 period. Factors such as growing e-commerce industry, paired with increasing focus on workplace safety …
Battery swapping is one of the most promising charging concepts being adopted in the EV sector to address the concerns related to conventional charging infrastructure. This includes replacing the depleted battery from the vehicle with a fully charged one. Since there is no charging involved …
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 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 …
Stringent emissions regulations have shifted the global focus on electric vehicles, resulted in an exponential growth of these vehicles in recent years. According to IEA publication, though car sales dropped by ~16% during the pandemic, electric vehicle sales increased by 41%. According to IEA, number …
The global electrolyzers market size is expected to grow from an estimated USD 1.2 billion in 2023 to USD 23.6 billion in 2028, at a CAGR of 80.3% according to a new report by MarketsandMarkets™. An electrolyzer system utilizes electricity to break water molecules into hydrogen and oxygen. …
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 global all-terrain vehicle market size is projected to grow from USD 3.2 billion in 2023 to USD 3.7 billion by 2028 at a CAGR of 3.0%, from 2023 to 2028. The all-terrain vehicle (ATV) market is experiencing growth due to the rising demand across …