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...
Electric Coolant Pump Market Size is Projected to Reach USD 3.9 billion by 2030
The electric coolant pump market size for electric vehicles is projected to reach USD 3.9 billion by 2030 from an estimated USD 1.9 billion in 2024, declining at a CAGR of 12.8% during the forecast period due to the rising adoption of electric coolant pumps to meet emission standards is evident. The increasing number of supply contracts or orders between manufacturers of these pumps and OEM underscores...
Electric 3 wheeler Market Size to Hit USD 1.5 billion by 2030
The electric 3 wheeler Industry is projected to grow from USD 1.3 billion in 2024 to USD 1.5 billion by 2030, at a CAGR of 2.2%. With the increasing stringency of government mandates, 3 wheeler manufacturers’ focus has shifted to efficiency, emission-free propulsion, innovative technologies, and revised environmental standards. The growing adoption of electric 3 wheelers with improving charging...
Automotive Conformal Coatings Market Size is Projected to Reach USD 3.5 billion by 2030
The automotive conformal coating market size is projected to reach USD 3.5 billion by 2030, from an estimated USD 2.0 billion in 2024, at a CAGR of 10.0% during the forecast period.
The rising consumer demand for safety, comfort, and convenience in vehicles is increasingly reflected in the overall price and design of modern automobiles. While traditional criteria for car purchases centered around...
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%.
The growth of the automotive industry is influenced by various factors such as adoption of electric vehicles, development and manufacturing of long-range batteries along with installation of fast and ultra-fast...
Acoustic Vehicle Alerting System Market Size is Projected to Reach USD 1.7 billion by 2030
The global AVAS market growth is projected to grow from USD 1.2 billion in 2024 to USD 1.7 billion by 2030, at a CAGR of 6.4%. The AVAS market is driven by the increasing adoption of electric vehicles and hybrid electric vehicles, which, while beneficial for reducing emissions, are often too quiet at low speeds, posing a risk to pedestrians, especially those who are visually impaired. Regulatory mandates...
Future Of SUV Market Trends, Growth, Size, Share, Growth & Forecast 2030
The SUV market growth is projected to reach 53 million units by 2030 from 41 million units in 2024, at a CAGR of 4.4%. The SUV segment has rapidly gained popularity among consumers owing to its road presence, space & size, stylish design, and advanced safety and comfort features. Mid-size and full-size SUVs with in-cabin safety and comfort features such as 4WD/AWD, automatic transmission, advanced...
Software Defined Vehicle Market Size, Share, Trends & Forecast 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 growing focus on vehicle safety and the need for autonomous driving experience in cars are driving forces behind the Software Defined Vehicle market. There are various benefits for consumers, one of them is predictive maintenance, which provides...
Rolling Stock Market Outlook, Size, Share, Report Forecast 2030
The global rolling stock market share, by value, is estimated to be USD 28.6 Billion in 2024 and is projected to reach USD 40.1 Billion by 2030, at a CAGR of 5.8% from 2024 to 2030. Rolling stock manufacturers are investing in R&D to develop emission-free trains which include battery-electric propulsion systems, and hybrid configurations that combine multiple energy sources. Additionally, Governments...
Autonomous Driving Software Market Size, Share, Trends & Report 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 by 2035 at a CAGR of 13.3% during the forecast period. The autonomous driving software market is fuelled by regulatory backing and government initiatives to develop and deploy semi-autonomous and autonomous vehicles. Advances in ADAS technology, as well as the incorporation of 5G...