Global Automotive Industry Outlook to Hit 96 Million Units by 2024
The global automotive market, by value, is estimated to be 92 Million Units in 2023 and is projected to reach 96 Million Units by 2024, at a growth rate of 5.0% from 2023 to 2024. In the near future, demand for recreational boat is expected to increase due to favourable investment made for boat industry.
While initial forecasts predicted a post-pandemic surge, the reality has been bumpier. Inflationary...
Automotive Pump Market Size Projected to reach $12.96 billion in 2035
The Automotive Pump Market Size is projected to reach $12.96 billion by 2035, reflecting substantial growth driven by advancements in vehicle electrification and increased demand for fuel-efficient and emission-reducing technologies. As automotive manufacturers focus on developing electric and hybrid vehicles, the need for efficient pump systems in electric vehicle drivetrains, battery cooling systems,...
Electric Construction Equipment Market Size is Projected to Reach USD 44.8 billion by 2030
The electric construction equipment market size is rapidly growing, driven by increasing concerns about sustainability and emissions reduction. As technology advances and battery capacity improves, electric construction equipment is becoming more viable and efficient for various applications.
Key Trends in the Electric Construction Equipment Market:
Growing Demand: The demand for electric construction...
Automotive Lighting Market Size to Hit USD 30.4 Billion by 2030
The Automotive Lighting market size is projected to grow from USD 22.5 Billion in 2023 to USD 30.4 Billion by 2030 at a CAGR of 4.4% during the forecast period. The growing sales of luxury vehicles in developed countries and SUVs in developing countries primarily drive lighting sales. The luxury vehicles are mostly equipped with advanced lighting technologies, driving the demand of the automotive...
Automotive Ethernet Market Size is Projected to Reach USD 5.5 Billion by 2028
The global the automotive ethernet market size is projected to grow from USD 2.2 Billion in 2023 to USD 5.5 Billion by 2028, at a CAGR of 19.7%. The automotive Ethernet market is experiencing robust growth due to the increasing integration of advanced driver-assistance systems, connected vehicles, and autonomous driving features, demanding high-speed and reliable in-vehicle communication systems....
EV Connector Market Size to Hit USD 10.9 Billion by 2030, at a CAGR of 27.1%
The global EV connector market size is projected to grow from USD 2.0 Billion in 2023 to USD 10.9 Billion by 2030, registering a CAGR of 27.1%. Electric vehicles increasingly rely on advanced electronic systems for everything from battery management, engine control, safety features, and vehicle lighting to driver assistance and infotainment. The rapid adoption of EVs and HEVs necessitates specialized...
Electric Scooter and Motorcycle Market Size to Reach $12.4 Billion by 2030
The Electric Scooter and Motorcycle Market Size is poised for substantial growth, projected to reach a remarkable value of $12.4 billion by 2030. This surge can be attributed to the increasing demand for eco-friendly transportation solutions and the rising awareness of the environmental impact of conventional vehicles. With urbanization on the rise and traffic congestion becoming a critical issue...
Racing Simulator Market Size is Projected to Reach USD 1.1 billion by 2030
The racing simulator market growth is estimated to grow from USD 0.5 billion in 2024 to USD 1.1 billion by 2030, growing at a CAGR of 15.6%. The popularity of esports has surged in recent years, and racing simulators have become a significant part of this trend. Games like iRacing, Gran Turismo Sport, and Assetto Corsa Competizione have thriving competitive scenes, attracting both casual players and...
V2X Cybersecurity Market Size to Hit USD 778 million by 2030
The global V2X cybersecurity market growth is projected to grow from USD 43 million in 2023 to USD 778 million by 2030, at a CAGR of 51.3%. The growth of the V2X cybersecurity market is primarily driven by the rapid expansion of connected and autonomous vehicles on the roads. As the automotive industry increasingly integrates V2X communication technologies to enhance vehicle safety, efficiency, and...
Automotive Wiring Harness Market Size to Reach $59.5 billion by 2030
The global automotive wiring harness market size is projected to grow from USD 48.7 billion in 2023 to USD 59.5 billion by 2030, at a CAGR of 2.9% from 2023 to 2030
The automotive wiring harness market size is experiencing significant growth, driven by several key trends shaping the industry’s future. The rising demand for electric vehicles (EVs) and hybrid vehicles is a major factor, as...