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...
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...
Electric Commercial Vehicle Market Size is Projected to Reach USD 255.6 Billion by 2030
The global electric commercial vehicle market growth is projected to grow from USD 70.9 Billion in 2024 to USD 255.6 Billion by 2030, registering a CAGR of 23.8%. The electric commercial vehicle market is growing globally, driven by factors such as excessive emissions by fossil fuel-powered commercial vehicles, fluctuations in fuel prices, and government support through policies. Europe and North...