In-vehicle Infotainment Market Estimated $31.4 Billion by 2028
The in-vehicle infotainment market is projected to grow from USD 18.8 billion in 2023 to USD 31.4 billion by 2028, at a CAGR of 10.9%. Government mandates on telematics and e-call services, the emergence of various technologies such as 5G and AI, and ADAS and other autonomous solutions are expected to offer promising growth opportunities in the In-vehicle infotainment market.
Based on Region,...
EV Charging Station Market Estimated to reach $76.9 billion by 2027
The global EV Charging Station market is projected to grow from USD 11.9 Billion in 2022 to USD 76.9 Billion by 2027, registering a CAGR of 45.0% from 2022 to 2027. The increasing demand for alternative fuel vehicles has fueled the growth of electric vehicles. Governments worldwide have adopted favorable policies promoting EV use to reduce crude oil consumption, automotive emissions, and air pollution....
Forklift Market Estimated to Surpass $84.5 Billion by 2027
The forklift market size is projected to grow from USD 58.9 billion in 2022 to USD 84.5 billion by 2027, at a CAGR of 7.5% for the same period. The increasing demand for forklifts offers many opportunities for rental services of these trucks, refurbished forklifts suppliers and advanced solution providers.
Electric forklifts are gaining traction within material handling application especially...
Automotive Heat Shield Market to Achieve $13.9 Billion by 2025
The automotive heat shield market is estimated to be worth USD 11.7 billion in 2020 and is projected to reach USD 13.9 billion by 2025, at a CAGR of 3.4% during the forecast period. The growing adoption of electronics in automobiles, increasing demand for luxury vehicles, and technological advancements in heat shields are key factors driving the automotive heat shield market. The market has witnessed...
EV Battery Market to Surge to $134.6 Billion by 2027
The global EV battery market is projected to grow at a CAGR of 19.0% from USD 56.4 billion in 2022 to USD 134.6 billion by 2027. The base year for the report is 2021, and the forecast period is from 2022 to 2027. The automotive industry places a strong emphasis on efficiency, emission-free propulsion, and cutting-edge technologies as a result of the government’s increasingly strict regulations...
Drive By Wire Market Set to Reach $27.9 Billion by 2027
The automotive drive by wire market is projected to reach USD 27.9 billion by 2027 from an estimated USD 20.6 billion in 2022 at a CAGR of 6.2% during the forecast period, driven by developments in the automotive drive-by-wire sector and growing EV sales and increasing autonomous vehicle developments. For instance, in July 2022, CNH industrial-backed Monarch tractors unveiled its first fully...
Automotive Filters Market Expected to Reach $13.1 Billion by 2027
The automotive filters market is projected to reach USD 13.1 billion by 2027 from USD 11.1 billion in 2022, at a CAGR of 3.3%. The increase in demand for light commercial and heavy commercial vehicles, Rising government emission norms related to CO2 and NOx emission, and increased investment in infrastructure to boost the demand for heavy commercial vehicles and construction equipment, and hence,...
Low-Speed Vehicle Market Surges: $15.0 Billion Industry by 2028
The low-speed vehicle market is projected to grow from USD 10.4 billion in 2023 to USD 15.0 billion by 2028, at a CAGR of 7.4%. The growth of this market can be attributed to the rising geriatric population, growing popularity of golf, and the growing electric vehicle charging infrastructure.
According to primary and secondary analysis, North America is the largest low-speed vehicle market while...
Battery Swapping Market Estimated to reach $11.8 billion by 2027
The battery swapping market is projected to grow from USD 1.7 Billion in 2022 to USD 11.8 Billion by 2027, at a CAGR of 46.9% during the forecast period. This report covers battery swapping market for 2-wheeler, 3-wheeler and 4-wheeler vehicle type and automated and manual swapping station type.
Battery swapping is an alternative to conventional charging and involves replacing depleted batteries...
Fluid Transfer System Market Expected 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 systems is primarily driven by the increasing vehicle production globally, the rise in the electrification of automobiles, the use of advanced after-treatment devices in off-highway vehicles, and the growing demand for...