Future Of Automotive Industry Size, Share, Trends, Demand, Growth & Forecast 2030
The automotive industry size, encompassing PV, LCV, and MHCV, size is projected to grow from 88 million units in 2024 and is projected to hit 104 million units by 2030, at a CAGR of 2.4%.
Numerous factors, including the adoption of electric vehicles, the development and production of long-range batteries and the installation of fast and ultra-fast charging stations, the introduction of autonomous...
Fire Truck Market Size, Share, Growth Report 2030
The global fire truck market size is estimated to grow from USD 8.1 billion in 2024 to USD 9.6 billion by 2030, at a CAGR of 2.7%.
The market for fire trucks is expected to be driven by factors such as rapid urbanization, infrastructure development, fire safety laws, technological advancements, and increased government investment. As urbanization and new infrastructure projects increased, there...
Software Defined Vehicle Market Size, Share, Growth, Trends 2030
The global Software Defined Vehicle market size is projected to grow from USD 213.5 billion in 2024 to USD 1,237.6 billion by 2030, at a CAGR of 34.0%. The rise in demand for SDVs in the global market is influenced by a number of variables. Customers can be sure that their automobile software is kept up to date with the latest features and security enhancements by receiving over-the-air upgrades....
Air Suspension Market Size, Share, Trends, Growth 2030
The air suspension market size is projected to reach USD 13.9 billion by 2030 from USD 10.0 billion in 2024, at a CAGR of 5.6%.
The rising sales of luxury passenger vehicles, including SUVs, sedans, and electric vehicles, are expected to boost the global demand for passenger car air suspension systems. Similarly, with enhanced ride comfort, increased load capacity, and growing demand for heavy...
Autonomous Driving Software Market Size, Share, Trends | Forecast 2035
The global autonomous driving software market size is projected to grow from USD 1.8 billion in 2024 to USD 7.0 billion in 2035, at a CAGR of 13.3%.
The demand for driving software solutions is expected to increase as automakers and tech companies prepare to introduce self-driving cars. This is because OEMs and technology suppliers are investing more in ADAS/AD technologies. Additionally, there...
Conveyor System Market Size, Share, Trends, Growth & Forecast 2030
The Conveyor System market size is projected to grow from USD 10.4 Billion in 2024 to USD 14.8 Billion by 2030, at a CAGR of 6.0%. The constant need to increase the productivity each year is expected to increase the demand for highly mechanized and automated material handling systems like Conveyor System. Additionally, continuous innovation in advance driving technologies and components will boost...
Forklift Market Size, Share, Demand, Growth & Forecast 2030
The global Forklift Market Size is estimated to grow from USD 85.2 billion in 2024 to USD 125.4 billion by 2030, with a CAGR of 6.7% over the forecast period.
The global forklift market observes growth due to growth in e-commerce and warehouse sectors, an increase in demand for warehouse automation, and rising labor costs. Moreover, the rising demand for sustainable material handling equipment...
All-terrain Vehicle Market Size, Share, Growth, Demand & Forecast 2030
The global all-terrain vehicle market size is projected to grow from USD 2.9 billion in 2024 to USD 3.3 billion by 2030 at a CAGR of 2.3%.
The all-terrain vehicle (ATV) market is expected to grow due to increased demand across various applications such as agriculture, military and defense, and recreation. Moreover, increased recreation and outdoor activities like utility, sports, and racing events...
Hydrogen Truck Market Size, Share, Trends, Demand & Forecast 2035
The global hydrogen truck market size is projected to grow from USD 1.9 billion in 2024 to USD 10.8 billion in 2035, at a CAGR of 16.9%.
Hydrogen Truck market is growing due to expansion in hydrogen refuelling infrastructure and advancements in fuel cell technology, R&D in liquid hydrogen technology, along with rising consumer interest in zero-emission vehicles. Also, the shift towards hydrogen...
Electric Scooter Motor Market Size, Share, Trends & Demand 2030
The global Electric Scooter Motor Market Size is projected to grow from USD 416.0 million in 2024 to USD 1,201.2 million by 2030, registering a CAGR of 19.3%.
The surging popularity of electric two-wheelers, due to their affordability, convenience, and eco-friendliness, is directly fuelling the demand for electric scooter motors. Advancements in motor technology, resulting in improved efficiency,...