Automotive TIC Market Size, Share, Growth & Forecast 2028
The global automotive TIC market size is projected to grow from USD 17.7 billion in 2023 to USD 20.9 billion by 2028, registering a CAGR of 3.4%.
The growing demand of safer, efficient and fuel-efficient mobility alternative is expected to drive the demand for automotive TIC services around the world. For instance, the demand for TIC services for automotive components such as EV Battery, EV Motors,...
Automotive Seats Market Size to Hit USD 53.7 billion in 2023, at a CAGR of 1.2%
The global automotive seat market growth is projected to reach USD 58.4 billion by 2030 from USD 53.7 billion in 2023, at a CAGR of 1.2%. The automotive seat industry’s growth is mainly driven by growing demand for premium vehicles, rising adoption of powered seats in mid-segment cars & SUVs, and increasing demand for aftermarket seating solutions drive the automotive seat market.
Asia Pacific...
EV Cables Market Size is Projected to Reach USD 19.0 billion by 2028
The global EV cables market size is projected to grow at a CAGR of 17.2% during the forecast period, to reach USD 19.0 billion by 2028 from an estimated USD 8.6 billion in 2023. Factors such as rise in pollution and environmental hazards, stringent government regulations, and stiff competition have resulted in automotive OEMs to make fuel-efficient and environment-friendly vehicles which is driving...
Electric Motors Market Size to Hit $206.4 billion by 2029
The global Electric Motors Market by value, is estimated to be USD 152.2 billion in 2024 and is projected to reach USD 206.4 billion by 2029, growing at a CAGR of 6.3% from 2024 to 2029. Due to the growing demand for electric motors within the global automotive, manufacturing, and renewable energy sectors, among others, the electric motor market has bloomed forth globally. All these sectors inherit...
H2-ICE Market Size, Share, Growth Ananlysis by 2035
The H2-ICE market is projected to grow to 36,300-36,400 units by 2035, at a CAGR of 49.0% from 2031 to 2035. The factors driving the demand for the H2-ICE market are the growing push towards sustainable & emission-free transportation and OEM’s focus on R&D investments. Hydrogen engines can use the existing refueling infrastructure with a few modifications. Also, the infrastructure developed...
Automotive Interior Market Size is Projected to Reach USD 194.8 Billion by 2028
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. In the near future, demand for automotive interior is expected due rising customer preferences for comfort and luxury in vehicles.
Asia Pacific is expected to be the largest market for automotive interior, followed...
Electric Powertrain Market Size to Hit USD 230.5 billion by 2030
The electric powertrain market size is projected to reach USD 230.5 billion by 2030 from an estimated USD 96.7 billion in 2023, at a CAGR of 13.2%, driven by developments in electric powertrain technologies. Stringent emission regulations with reduced emission limits & increased awareness among consumers about the environmental benefits of electric vehicles mainly drive the growth in the electric...
Black Mass Recycling Market to Hit $51.7 Billion by 2032 at 17.3% CAGR
In today’s world, sustainable practices are no longer optional; they are a requirement. This truth is being felt in industries across the board, from automotive and consumer electronics to power and marine sectors. Enter black mass recycling—a game-changing solution that is steadily making its way to the forefront of responsible manufacturing.
So, what exactly is black mass? It’s...
Future of Commercial Vehicle Telematics Market Size, Share, Growth Analysis by 2030
The Future of Commercial Vehicle Telematics Market Size is projected to reach $12.8 billion by 2030, reflecting robust growth driven by advancements in fleet management solutions, data analytics, and vehicle connectivity. Telematics systems are becoming essential for commercial fleets as they provide real-time data on vehicle performance, location tracking, and driver behavior, enabling companies...
Automotive Green Tires Market Size is Projected to reach USD 15.8 billion by 2028
The global automotive green tires market size is projected to grow from USD 11.5 billion in 2023 to USD 15.8 billion by 2028, at a CAGR of 6.5%. The automotive green tires market is driven by the increasing demand for new and advanced tire technologies is one of the key factors driving the growth of the green tires market. These technologies offer a number of benefits over traditional tires such as...