Passenger Car Seat Market worth $46.1 billion by 2030
the passenger car seat market is estimated to grow from USD 42.5 billion in 2023 to USD 46.1 billion by 2030 at a CAGR of 1.1% over the forecast period.
The growth in the passenger car seat market is driven by increased vehicle sales worldwide, especially due to increased demand for full-size SUVs requiring seven seats. According to the MarketsandMarkets report, the need for full-sized SUVs...
Connected Car Market Surge to reach $56.3 billion by 2026
The global connected car market is projected to reach USD 57.6 billion by 2026, from an estimated USD 24.0 billion in 2021, at a CAGR of 19.1% from 2021 to 2026. The roll-out of various government regulations regarding mandating safety features such as e-call, navigation, collision warning systems, etc., is expected to boost the adoption of connected car services globally. The increasing sales of...
EV Battery Market Size, Share, Trends, Forecast, Report, 2027
The global EV battery market size was valued at $56.4 billion in 2022 and is projected to reach $134.6 billion by 2027, growing at a CAGR of 19.9% from 2022 to 2027.
The growth of the EV battery market can be attributed to the increasing demand of electric vehicles, improvement in battery technology, supporting government policies and regulations, and launch of new plug-in EV models.
The lithium-ion...
Train Dispatching Market Set to Reach $1,391 Million by 2027
The global train dispatching market is projected to grow from USD 942 million in 2022 to USD 1,391 million by 2027, registering a CAGR of 8.1%.
Technology advancements have enabled the railway industry to operate efficiently, leveraging state-of-the-art information and communications technology (ICT) within the existing rail infrastructure. A train dispatching market system manages information...
Autonomous Train Market Estimated to reach $12.3 billion by 2030
The autonomous train market is projected to grow at a CAGR of 5.1% from 2022 to 2030, to reach 12.3 USD billion by 2030. The need for rapid mass transit to reduce traffic congestion and journey time with enhanced safety has increased the demand for the autonomous train market globally.
By train type the metro/monorail train segment of the market is projected to grow at the highest CAGR of 5.8%...
Electric Van Market Size, Share, Forecast Report by 2030
The electric van market is projected to register a CAGR of 33.6% from 2022 to 2030, reaching 1,082.9 thousand units by 2030 from 106.8 thousand units in 2022. Continuous development in battery technologies and an increasing number of e-commerce companies will drive the electric van market.
The above 50 kWh battery capacity is usually found in high-performance electric vans. Electric vans with above...
Automotive Switch Market Set to reach $7.5 billion by 2026
The automotive switch market is projected to grow to USD 7.5 billion by 2026 from USD 6.2 billion in 2021, at a CAGR of 3.8% during the forecast period. Growing popularity of premium vehicles with advanced systems such as power windows, front & rear AC conditioning, EMS systems etc. is expected to significantly boost automotive switches market. Trends towards lightweight vehicle parts is also...
Automotive Fuel Cell Market Set to Reach 724 Thousand Units by 2030
The global 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%. Fuel cell operated vehicles such as buses, LCVs, passenger cars, and trucks, were mapped as part of this research. Factors such as increased demand for zero-emission vehicles and strong government support have caused leading original equipment manufacturers...
Automotive Wheels Aftermarket Size, Industry Forecast 2027
The Automotive Wheels Aftermarket is projected to grow at a CAGR of 3.5% from USD 3.4 billion in 2022 to reach USD 4.1 billion by 2027.
The growth of the automotive wheels aftermarket is influenced by factors such as accident rates, changing consumer preferences for stylish wheels, and the growing number of automobile enthusiasts in Europe and North America. Environmental regulations in Europe...
Brake System Market Estimated to reach $28.1 billion by 2027
The brake system market is projected to reach USD 28.1 billion by 2027 from an estimated USD 22.2 billion in 2022, growing at a CAGR of 4.8% during the forecast period. The roll-out of safety regulations has made advanced braking systems a mandatory feature in several countries.
Also, the recent regulation to make autonomous emergency brakes mandatory in passenger cars and commercial vehicles in...