Global Automotive Outlook Size, Share, Trends, Technology & Growth 2025
Global light vehicle sales were 84.0 million units in 2024 and are projected to 85.1 million units in 2025, witnessing a YoY growth of 1.3% from 2024 to 2025.
The growth of light vehicle sales is influenced by various factors, such as the adoption of electric vehicles, especially hybrid vehicles, the development and manufacturing of long-range batteries, the introduction of autonomous vehicles...
Advanced Driver Assistance Systems Market Size, Share & Trends [2030]
The global Advanced Driver Assistance Systems Market size is expected to grow from 334 million units in 2024 to 655 million units by 2030, at a CAGR of 11.9%. The Advanced Driver Assistance Systems Market is witnessing robust growth driven by increasing demand for electric and autonomous vehicles, which may drive the market for ADAS systems.
The application Software segment is estimated to exhibit...
ASIA PACIFIC LEADS THE GLOBAL CONSTRUCTION EQUIPMENT MARKET WITH MARKET SHARE OF ~44% in 2024.
The global Construction Equipment Market is estimated to reach USD 186.62 billion by 2030 from USD 148.02 billion in 2024, registering a CAGR of 3.9%. The growth of the construction equipment market is related to the growth of the construction industry. Government investment to boost infrastructure projects, rental/leasing trends, public-private partnerships, and rising disposable incomes will likely...
Automotive Engineering Services Market Size, Share, Demand & Growth 2028
The automotive engineering service industry size is projected to grow from 153.2 billion in 2022 to 243.9 billion by 2028, registering a CAGR of 8.1%.
The growing demand of zero-emission vehicles, advancements in technologies such as ADAS, battery management, connectivity, among others, and rising commercial transport are expected to increase the demand for automotive engineering services around...
Weigh-In-Motion System Market Size, Share, Growth & Forecast 2027
The weigh-in-motion system industry size is projected to reach USD 1.8 billion by 2027 from USD 1.1 billion in 2022, at a CAGR of 10.0% during the forecast period.
Increasing government initiatives toward intelligent transportation systems and increasing public-private partnerships (PPPs) is boosting the growth of the market for weigh-in-motion system. Road safety regulations by governments especially...
Automotive Transmission Market Size, Share, Trends & Industry Analysis by 2028
The global automotive transmission market size was valued at USD 62.4 billion in 2023 and is expected to reach USD 4.2 billion by 2028, at a CAGR of 6.2% during the forecast period. The growth in the market is primarily driven by technological advancements leading to more efficient transmission systems and stringent emissions regulations necessitating the adoption of fuel-efficient transmission...
Automotive V2X Market Size, Share, Trends & Industry Analysis, 2030
The global automotive V2X market size was valued at USD 0.5 billion in 2023 and is expected to reach USD 9.5 billion by 2030, at a CAGR of 51.9%, during the forecast period 2023-2030. Government support toward C-V2X technology and improving road infrastructure is expected to support the automotive V2X market. Furthermore, the increasing adoption of V2X-equipped models such as Volkswagen ID 4, Volkswagen...
Automotive Steering System Market Size worth USD 39.5 billion by 2027
The Automotive Steering System Industry Size is projected to grow from USD 35.3 billion in 2022 to USD 39.5 billion by 2027, at a CAGR of 2.3% over the forecast period.
Electrical Power Steering (EPS) and Steer-by-Wire (SbW) steering systems are in high demand due to the global deployment of EVs. OEMs have been able to deliver new and enhanced steering features that customers have universally embraced...
EV Battery Recycling Market Size worth USD 23.72 billion by 2035, at a CAGR of 40.9%
The global EV battery recycling market, by value, is estimated to be USD 0.54 Billion in 2024 and is projected to reach USD 23.72 Billion by 2035, at a CAGR of 40.9% from 2024 to 2035.
The EV battery recycling market is driven by the dual objectives of reducing environmental impact and addressing resource scarcity, particularly for lithium, cobalt, and nickel. Recycled materials are often...
Global Machine Tools Market Size, Share & Trends [2030]
The global machine tools market size was valued at USD 78.6 billion in 2023 and is expected to reach USD billion by 2030, at a CAGR of 4.2% during the forecast period 2023-2030. The rising demand for manufactured goods across diverse industries catalyzes the growth and evolution of the global machine tools market. This demand fuels the development of more advanced, efficient, and specialized machine...