Electric Vehicle Battery Market Share, Analysis, Trends & Forecast by 2033
The global Electric Vehicle Market is projected to grow from USD 132.6 billion in 2023 to USD 508.8 billion by 2033, registering a CAGR of 14.4%. Increased awareness about environmental concerns and the desire for sustainable transportation options are driving consumer interest in electric vehicles. Longer battery life, faster charging times, and increased driving ranges are influencing consumer decisions....
Automotive Brake System Market Size, Share, Trends & Global Forecast by 2028
The automotive brake system market is projected to grow from an estimated USD 23.5 billion in 2023 to USD 30.1 billion by 2028 at a CAGR of 5.1% during the forecast period.
The automotive brake system market growth is mainly driven by the regulations on stopping distance and safety standards in countries such as China, India, Brazil, the European Union, the US, and Canada, among others. Further,...
Automotive V2X Market Size, Share, Trends & Global Forecast by 2030
The global automotive V2X market is projected to grow from USD 0.5 billion in 2023 to USD 9.5 billion by 2030, at a CAGR of 51.9%.
Factors such as advancements in connected car technology, coupled with a heightened emphasis on traffic safety, supportive government initiatives, and regulatory frameworks, are anticipated to contribute significantly to the revenue growth of the automotive Vehicle-to-Everything...
Train Battery Market Set to Reach $378 Million by 2030
The global train battery market is projected to grow from USD 277 million in 2023 to USD 378 million by 2030 at a CAGR of 4.6% from 2023 to 2030.
The growth in the train battery market is primarily driven by factors such as development in the rail network, strengthening emission norms, and growing operating costs of the urban rail network, which are considered the most significant drivers of the...
Recreational Boat Market Estimated to Reach $25.9 Billion by 2028
According to a research report “Recreational Boat Market by Boat Type (Yachts, Sailboats, Personal Watercrafts, Inflatables), Size (<30 Feet, 30-50 Feet, >50 Feet), Engine Placement, Engine (ICE, Electric), Material, Activity Type, Power Source, Region – Global Forecast to 2028″ published by MarketsandMarkets, the global recreational boat market, by value, is estimated to...
Automotive Paints Market Estimated to reach $9.9 billion by 2028
According to a research report “Automotive Paints Market by Type (E-coat, Primer, Basecoat, Clearcoat), Resin (PU, Epoxy, Acrylic), Technology (Solvent, Water, Powder), Paint Equipment (Airless, Electrostatic), Texture, Content, ICE & EVs, Refinish and Region – Global Forecast to 2028″ published by MarketsandMarkets, the global automotive paints market is estimated to be USD...
Bike and Scooter Rental Market Set to Reach $10.1 Billion by 2027
The global bike and scooter rental market is projected to grow from USD 2.5 billion in 2019 to reach USD 10.1 billion by 2027, at a CAGR of 18.9%. The growth of the bike and scooter rental market is influenced by the rising demand for micro mobility and shift of consumer preference toward a more economical, convenient, and flexible mode of transport.
Electric propulsion is expected to be the largest...
Car Care Products Market Size worth $4.8 billion by 2027, at a CAGR of 1.9%
The global car care products market is projected to grow at a CAGR of 1.9% during the forecast period, from an estimated USD 4.4 billion in 2022 to USD 4.8 billion by 2027.
Increase in sale of used cars, use of e-commerce platforms by leading players to increase customer base are expected to offer promising future growth of the market for car care products. Availability of various auto beauty shops...
Automotive Operating System Market Estimated 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 Actuators Market Accelerates Towards $29.3 Billion by 2030
The Automotive Actuators Market is projected to grow from an estimated USD 20.9 billion in 2023 to reach USD 29.3 billion by 2030 at a CAGR of 4.9% during the forecast period.
Automakers are highly focused on developing new and improved components to increase the fuel efficiency of vehicles owing to growing concerns over environmental changes. Automotive actuators play a significant role...