Global Machine Tools Market Estimated to reach $98.3 Billion in by 2027
The global machine tools market is estimated to be USD 77.0 billion in 2019 and is projected to reach USD 98.3 billion by 2027, at a CAGR of 3.2%. The overall machine tools market is highly governed by the continually rising industrial manufacturing and processing sector. Asia Pacific is estimated to remain a frontrunner in the market during the forecast period. Machine tool manufacturers in Europe...
Train Battery Market Size, Share, Growth Forecast by 2030
The global train battery market is projected to reach USD 758 million by 2030 from an estimated USD 518 million by value in 2022, registering a CAGR of 4.9% during the forecast period. Rapid urbanization is leading to increased demand for public transport, and the demand for long-distance rail journeys is expected to boost the train battery market. Furthermore, the increasing number of high-speed...
V2X Cybersecurity Market Expected to reach $3.2 Billion by 2028
The global automotive V2X market is projected to grow from USD 2.6 billion in 2022 to USD 19.5 billion by 2028, at a CAGR of 39.7%. Parameters such as developments in connected car technology, in conjunction with the rise in demand for autonomous driving will upsurge the demand for the automotive V2Xs. Further, strong government support for V2X technology, coupled with advancements in 5G technology...
Automotive Cybersecurity Market Expected to Reach $16.5 Billion by 2028
The global automotive cybersecurity market size is projected to grow from USD 2.5 billion in 2023 to USD 6.0 billion by 2028, at a CAGR of 18.5%. The automotive cybersecurity market is driven by the increasing demand for ADAS technology in vehicles along with growing demand for vehicle-to-everything technology. In addition, the increasing penetration of electric vehicles paired with rising demand...
Metaverse Market for Automotive Expected to Reach $16.5 Billion by 2030
The global metaverse market for automotive is projected to grow from USD 1.9 Billion in 2022 to USD 16.5 Billion by 2030, at a CAGR of 31.4%. Factors such as rising use NFTs in the virtual space, inexpensive and convenient manufacturing and testing of vehicles in the virtual space will boost the demand for the metaverse market in automotive. The metaverse market for automotive is dominated by established...
Recreational Boat Market worth $25.9 billion by 2028
The global recreational boat market, by value, is estimated to be 18.9 USD Billion in 2023 and is projected to reach 25.9 USD Billion by 2028, at a CAGR of 6.5% from 2023 to 2028. In the near future, demand for recreational boat is expected to increase due to favourable investment made for boat industry.
North America is expected to be the largest market for recreational boats, followed by Europe...
Automotive Software Market Size, Growth, Demand, Opportunities & Forecast To 2027
The global Automotive Software Market size is projected to reach USD 40.1 billion by 2027 from USD 21.7 billion in 2022, at a CAGR of 13.1%. The growth of the market is driven upcoming mandates such as for regarding collision avoidance to drive market.
Governments in European countries as well as in the United States have mandated the use of AEB in vehicles. In May 2018, the European Commission...
Turbocharger Market Set to Surpass $22 Billion by 2028, Fueled by Rising Automotive Industry
The automotive turbocharger is projected to grow from USD 15.0 billion in 2023 to USD 22.2 billion by 2028, at a CAGR of 8.1%. The automotive turbocharger market is driven by decreasing emission limits and increased demand for high-performance vehicles. With the shift from diesel to gasoline in light-duty vehicles and growing vehicle hybridization, gasoline and electric turbochargers would be the...
Automotive Wheels Aftermarket Size, Industry Share & Forecast 2027
The global automotive wheels aftermarket is projected to reach USD 4.1 billion by 2027, growing at a CAGR of 3.5% from USD 3.4 billion in 2022. Factors such as accident rates, changing consumer preferences for stylish wheels, and the increasing number of automobile enthusiasts in Europe and North America contribute to the growth of the market. Environmental regulations in Europe, specifically the...