Smart Electric Drive Market Surge to reach $4,245 million by 2026
The global smart electric drive market size is projected to grow from USD 915 million in 2021 to USD 4,245 million by 2026, at a CAGR of 35.9%.
The growth of the market is influenced by factors such as increasing demand for electric vehicles around the world, growing demand for smart electric drive equipment due to their higher vehicle efficiency, lower parts weight and compact size of assembly....
Exhaust System Market Estimated to Reach $47.9 Billion by 2026
The exhaust system market was valued at USD 36.9 billion in 2021 and is projected to reach USD 47.9 billion by 2026, growing at a CAGR of 5.3% during the forecast period. Growing vehicle emission is leading to the stringent emission and fuel economy regulations and growing penetration of aftertreatment devices in combinations are boosting the growth of the market for exhaust system.
SCR segment...
Automotive Glass Market Surge to Reach $30.6 Billion by 2027
The automotive glass market is projected to reach USD 30.6 billion by 2027 from an estimated USD 23.6 billion in 2022 at a CAGR of 5.4% during the forecast period, driven by developments in the automotive glass sector and growing smart glass technology adoption. For instance, in July 2022, AGC Inc announced the development of low carbon glass manufacturing method, which helps to reduce the carbon...
Automotive Tire Market Estimated to Reach $21.6 Billion by 2028
The tires replacement market is projected to grow at a CAGR of 2.0% to reach a market size of USD 21.6 billion by 2028 from 19.6 billion in 2023. The market growth is primarily driven by a growing vehicle fleet, an increase in demand for high-performance tires and increasing average life of vehicles. The number of vehicles on the road is increasing owing to the improving road infrastructure, consumer...
Solid-State Car Battery Market worth 661,724 units by 2030
The global solid-state car battery market size is projected to grow from 27,070 units in 2025 to 661,724 units by 2030, at a CAGR of 89.5%. The demand for solid-state car batteries will grow with the demand for EV’s. Electric vehicles have been growing in demand for the last few years. The increasing emission levels and stringent government regulations have compelled automakers to develop cost-efficient...
Usage-Based Insurance Market worth $66.8 billion by 2026
The global Usage-Based Insurance Market size was valued at USD 19.6 billion in 2021 and projected to reach USD 66.8 billion by 2026, growing at a CAGR of 27.7% during the forecast period.
Factors such as lower insurance premium compared to regular insurance, government regulations on telematics, high adoption of connected car services, and growing on-road vehicles are expected to drive the demand...
Mobility as a Service Market Surge to Reach $40.1 Billion by 2030
The Mobility as a Service market is projected to grow from USD 5.7 Billion in 2023 to USD 40.1 Billion by 2030, at a CAGR of 32.2% over the forecast period. Faster internet connectivity, falling vehicle ownership, and the need to reduce traffic congestion and vehicular emissions will fuel the demand for seamless MaaS applications for end-to-end multimodal transport solutions.
Pay-as-you-go payment...
Automotive HUD Market Set to reach $2.2 billion by 2028
The global automotive HUD market size is projected to grow from USD 1.0 billion in 2023 to USD 2.2 billion by 2028, at a CAGR of 16.6%. The demand for automotive HUD solutions is fueled by the increased focus towards passenger as well as vehicle safety, a growing demand for improvement of in-vehicle experience, and steady growth in high-end vehicle segments, mainly in emerging markets.
BEV segment...
Automotive Wiring Harness Market Projected to Reach $57.4 Billion by 2026
The global automotive wiring harness market is projected to grow from USD 47.0 billion in 2021 to USD 57.4 billion by 2026, at a CAGR of 4.1% during the forecast period. Increasing vehicle production, increase in demand for advanced features in vehicles, and growing penetration of electric vehicles are the major factors driving the growth of the automotive wiring harness market.
However, a projected...
Mining Machinery Market Set to reach $32.8 billion by 2030
The mining machinery market is projected to grow from USD 24.8 billion in 2023 to USD 32.8 billion by 2030, at a CAGR of 4.1%. The mining machinery market is being propelled by a range of factors driving widespread adoption at the global level. The rise in the extraction of minerals, metals, and coal from mines is majorly contributing to the growth of the mining machinery market. Apart from this,...