Farm Equipment Market to Reach $141.6 Billion by 2027
Published by MarketsandMarkets, the global farm equipment market is projected to grow from USD 111.8 billion in 2022 to USD 141.6 billion by 2027, at a CAGR of 4.8% during the forecast period. An increase in farm mechanization, government support with farm loan waivers/credit finance, contract farming, and a shortage of skilled labor are the key factors driving farm equipment growth globally.
The...
Global Connected Car Market to Reach $56.3 Billion by 2026
The connected car market size is projected to reach USD USD 56.3 billion by 2026, from an estimated USD 23.6 billion in 2021, at a CAGR of 19.0%, from 2021 to 2026. The growth of the connected car market is influenced by factors such as the increasing trend of in-vehicle connectivity solutions, the development of smart city infrastructure, 5G infrastructure, and intelligent transportation systems....
The Future of Driving Comfort: Automotive Interior Industry Developments
The Automotive Interior Market is projected to reach USD 201.2 billion by 2027 from USD 153.5 billion in 2022, at a CAGR of 5.6% during the forecast period. Technological advancements in current generation automotive interior components Increasing customer preference for convenience, premium features, and advanced safety are further expected to drive the automotive interior market. Overall, the changing...
Automotive Fuel Cell Market Set to Reach 724 Thousand Units by 2030
The automotive fuel cell market is projected to grow from 25 thousand units in 2022 to 724 thousand units by 2030, registering a CAGR of 52.4%.
The growing growing demand of zero-emission commercial and passenger vehicles, increasing hydrogen infrastructure, flourishing long-range freight transport industry, and rising commercial transport are expected to increase the demand for fuel cell electric...
Rapidly Growing E-Bike Market Poised to Surpass $77.2 Billion by 2028
The global E-Bike market is projected to reach USD 77.2 billion by 2028 from USD 51.5 billion in 2023, at a CAGR of 8.4% from 2023 to 2028. The growth in the E-Bike industry is expected mainly because E-Bikes offer a healthy, eco-friendly solution for commuting at a much lower price than electric two-wheelers and help deal with increasing traffic congestion. The E-Bikes are mainly popular in European...
Transparent Innovation: Advances in Automotive Glazing Technology
The global automotive glazing market size is estimated to be USD 1.0 billion in 2020 and is projected to reach USD 1.7 billion by 2025, at a CAGR of 9.9%. The market will be driven primarily because of the increase in demand for vehicle weight reduction owing to stringent emission norms. Polycarbonate weighs 50% less than glass and provides 20 times more strength which is estimated to drive the automotive...
Low-Speed Vehicle Market Set to Reach $15 Billion 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 for golf, and growing electric vehicle charging infrastructure.
According to primary and secondary analysis, North America is the largest low speed vehicle market while...
Revving Up Efficiency: The Growth of the Automotive Hypervisor Market
The Automotive Hypervisor Market is projected to grow at a CAGR of 27.0% from 2022 to 2027, to reach USD 566 million by 2027 from USD 171 million in 2022. Factors such as growth of connected infrastructure, adoption of ADAS features in vehicles and intervention of innovative technologies for advanced user interface supplements the growth of the Automotive Hypervisor market.
Hypervisor technology...
The Next Big Thing in Automotive Maintenance: The Integrated Vehicle Health Management Market
The integrated vehicle health management market is projected to grow at a CAGR of 12.0% during the forecast period, to reach USD 28.0 billion by 2027 from an estimated USD 11.3 billion in 2019.
Asia Pacific to be the largest market for integrated vehicle health management in 2027
Asia Pacific is projected to be the largest market for integrated vehicle health management in 2027. Increasing sales...
EV Charging Station Market Set 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....