Automotive Fuel Cell Market Set to Reach 724 Thousand Units by 2030
The global automotive fuel cell market is projected to grow from 25 thousand units in 2022 to 724 thousand units by 2030, registering a CAGR of 52.4%. Fuel cell operated vehicles such as buses, LCVs, passenger cars, and trucks, were mapped as part of this research. Factors such as increased demand for zero-emission vehicles and strong government support have caused leading original equipment manufacturers...
Automotive Wheels Aftermarket Size, Industry Forecast 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...
Brake System Market Estimated to reach $28.1 billion by 2027
The brake system market is projected to reach USD 28.1 billion by 2027 from an estimated USD 22.2 billion in 2022, growing at a CAGR of 4.8% during the forecast period. The roll-out of safety regulations has made advanced braking systems a mandatory feature in several countries.
Also, the recent regulation to make autonomous emergency brakes mandatory in passenger cars and commercial vehicles in...
Electric Vehicle Market Size, Share, Growth, Forecast, Report, 2030
The global EV market is projected to grow from USD 388.1 billion in 2023 to USD 951.9 billion by 2030, registering a CAGR of 13.7%. The electric vehicle (EV) market is currently experiencing a transformative phase of rapid growth and innovation. With increasing global concern over climate change and air pollution, coupled with advancements in technology and supportive government policies,...
Farm Equipment Market Estimates to reach $141.6 billion by 2027
The global farm equipment market is projected to grow from USD 111.8 Billion in 2022 to USD 141.6 Billion by 2027, at a CAGR of 4.8% during the forecast period. Government support with farm loan waivers/credit finance, OEM/sales incentives to support dealer service and rental operations, increase in farm mechanization, and contract farming are the major factors driving the growth of the farm equipment...
Automotive Operating System Market Projected to Reach $25.8 Billion by 2030
The global automotive operating system market is projected to grow from USD 12.7 billion in 2022 to USD 25.8 billion by 2030, at a CAGR of 9.2%. Parameters such as increasing sales for premium cars, paired with rising adoption of ADAS technology by automotive OEMs are expected to support the revenue growth of the automotive operating system market during the forecast period. Further, developments...
Automotive Camera Market Estimated to Reach $13.9 billion by 2028
The automotive camera market is projected to grow from USD 8.0 billion in 2023 to USD 13.9 billion by 2028, at a CAGR of 11.7%. The growth of this market can be attributed to the growing trend of ADAS-featured vehicles and the surge in the demand for electric vehicles.
According to primary and secondary analysis, North America is the largest market for automotive cameras while Asia Pacific is...
Micro-Mobility Market Size, Growth, Report, Industry Analysis 2027
The micro-mobility market is estimated to grow from USD 3.4 billion in 2022 to USD 6.1 billion by 2027 at a CAGR of 12.5% over the forecast period.
Developing connected and telematics technologies, opportunities for service providers in untapped markets, and electric two-wheeler & component manufacturers entering the micro-mobility business would create growth opportunities in the micro-mobility...
Air Brake System Market Surge to Reach $3.4 Billion by 2028
The air brake system market is projected to grow to USD 3.4 billion by 2028 from USD 3.1 billion in 2023, at a CAGR of 2.2% during the forecast period. The air brake system market is expected to grow due to several factors. These include the rising demand for heavy commercial vehicles, the expansion of railways, increased long-haul transportation, and upcoming safety-related regulatory requirements....
Mining Machinery Market Estimated to Reach $36.2 Billion by 2025
The global mining machinery market size is projected to reach USD 36.2 billion by 2025, from an estimated value of USD 29.0 billion in 2020, at a CAGR of 4.5%. The increasing use of electric machinery in underground mining and the increase in demand for metals and commodities are the driving factors that are expected to boost the mining machinery market.
The mining industry has witnessed many advancements,...