Automotive Heat Exchanger Market Size worth USD 34.3 billion by 2027, at a CAGR of 3.5%
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 vehicles are expected to augment revenues for the automotive heat exchanger market. Advancements in mobility solutions, in conjunction...
Conveyor System Market Size worth USD 12.7 billion by 2027, at a CAGR of 6.0%
The global conveyor system market size is projected to reach USD 12.7 billion by 2027, from an estimated value of USD 9.4 billion in 2022, at a CAGR of 6.0%. Higher adoption of automation processes in various end-use industries and rising demand for handling larger volumes of goods are the driving factors that are expected to boost the conveyor system market. The constant R&D efforts by conveyor...
Fluid Transfer System Market Projected to reach $25.0 billion by 2027
The fluid transfer system market is projected to grow from USD 19.1 billion to USD 25.0 billion in 2027, at a CAGR of 5.6% during the forecast period. The demand for fluid transfer system is primarily driven by the increasing vehicle production globally, the rise in the electrification of automobiles, the use of advanced aftertreatment devices in off-highway vehicles, and growing demand for premium...
Automotive Wheels Aftermarket Market Size worth USD 4.1 billion by 2027
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 wheels, and the growing number of automobile enthusiasts in Europe and North America. Environmental regulations in Europe...
EV Charging Station Market Projected to reach $12.1 billion by 2030
The global EV Charging Station Market is estimated USD 7.3 billion in 2024 to USD 12.1 billion by 2030, at a CAGR of 8.8%. The growth of the EV Charging Station market is primarily driven by the increasing global sales of electric vehicles. Governments worldwide are also implementing policies and subsidies to accelerate the setup of EV charging infrastructure. With EVs still facing...
Automotive Diagnostic Scan Tools Market Size worth USD 41.4 billion by 2026, at a CAGR of 4.5%
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 of the global automotive diagnostic scan tools market are the growing preference of consumers for high-end cars, rising stringent emission norms and an...
Autonomous Vehicle Market Size worth USD 62.4 million by 2030, at a CAGR of 13.3%
The Autonomous Vehicle Market size is projected to grow from 20.3 million units in 2021 to 62.4 million units by 2030, at a CAGR of 13.3%.
The increasing adoption of ADAS & safety features, the focus of governments to enhance vehicle and pedestrian safety, initiatives by OEMs to provide advanced safety features, and the advent of new age technologies will surge the demand for autonomous vehicle.
Vehicle...
Garage Equipment Market Projected to Reach $10.7 billion by 2027
The global garage equipment market is projected to grow from USD 6.1 billion in 2019 to USD 10.7 billion by 2027, at a CAGR of 7.4%. Factors such as the advent of autonomous vehicles, implementation of advanced connectivity features, OEM and government focus on electric vehicles, use of sensor data for preventive maintenance, and concerns of vehicle and passenger safety are driving the market.
Passenger...
Automotive Solenoid Market Size worth USD 6.2 billion by 2026, at a CAGR of 7.3%
The global automotive solenoid market is estimated to be USD 4.3 billion in 2021 and is projected to grow at a CAGR of 7.3%, to reach USD 6.2 billion by 2026. The growth of this market is fuelled by rising automation in vehicles and increased vehicle manufacturing in the emerging economies due to urbanization. The fact that solenoids are used in various automotive systems and features in every vehicle...
Railway Cybersecurity Market Size worth USD 10.6 billion by 2027, at a CAGR of 9.4%
The Railway Cybersecurity Market is estimated to be USD 6.2 billion in 2021 and is projected to grow at a CAGR of 9.4% during the forecast period, to reach USD 10.6 billion by 2027.
Various countries have realized that the development of railway infrastructure is one of the important factors driving economic development. Therefore, a number of countries and OEMs are investing significantly in railway...