Global Brake System Market 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, at a CAGR of 4.8% during the forecast period.
The brake system market growth is mainly driven by the regulations on stopping distance and safety standards in countries such as China, India, Brazil, European Union, the US, and Canada, among others. In addition, increased demand for...
Electric Scooter and Motorcycle Market Set to Reach $14.7 Billion by 2028
The global electric scooter and motorcycle market, by value, is estimated to be 4.9 USD Billion in 2023 and is projected to reach 14.7 USD Billion by 2028, at a CAGR of 24.8% from 2023 to 2028. electric Governments’ backing of electric two-wheelers through subsidies and tax breaks, as well as factors like rising demand for energy-efficient commuting, have forced two-wheeler OEMs to look beyond...
Convertible Roof System Market Size and Forecast 2025
The convertible roof system market is projected to grow at a CAGR of 6.77%, from 2018 to 2025, to reach a market size of USD 2.11 Billion by 2025 from 1.33 Billion in 2018. The major factors driving the growth of the convertible roof system market are the growing demand for premium vehicles and innovations in materials.
Europe: Largest market for convertible roof systems
Europe is estimated...
Motor Lamination Market | Size, Share, Growth | 2027
The motor lamination market is estimated to grow from USD 21.9 billion in 2022 to reach USD 27.6 billion by 2027 at a CAGR of 4.7% over the forecast period.
The growing demand for fuel-efficient and safe vehicles will require addition of accessories primarily driven by motor which will subsequently propels the motor lamination market. Growing demand for premium vehicles, particularly in developing...
Automotive HUD Market to Reach $3.9 Billion by 2027
The global automotive HUD market is projected to reach USD 3.9 billion by 2027 from USD 1.0 billion in 2022, at a CAGR of 30.4% during the forecast period. Technological advancements in current generation automotive cockpit electronics along with increasing trend of connected and autonomous vehicles are further expected to drive the automotive HUD market. The HUD technology is evolving from a conventional...
Drive By Wire Market Poised to Hit $27.9 Billion by 2027
The drive by wire market is estimated to grow from $20.6 billion in 2022 to reach $27.9 billion by 2027 at a CAGR of 6.2% during the forecast period.
The drive-by-wire market is mainly propelled by the growing demand for fuel-efficient and safe vehicles. Growing demand for premium vehicles, particularly in developing countries, further drives the drive-by-wire market. Several developments...
Autonomous Vehicle Market Projected to Reach 62.4 Million Units by 2030
The global autonomous / self-driving cars market in terms of revenue was estimated to be worth $20.3 million in 2021 and is poised to reach $62.4 million by 2027, growing at a CAGR of 13.3% from 2021 to 2030.
The increasing adoption of ADAS & safety features, the focus of governments to enhance vehicle and pedestrian safety, initiatives by OEMs to provide advanced safety features, and the advent...
ADAS Market is Projected to reach $65.1 billion by 2030
The global ADAS market is projected to grow from an estimated USD 30.9 billion in 2022 to USD 65.1 billion by 2030, registering a CAGR of 9.7%. Software and hardware providers provide ADAS systems such as adaptive cruise control, adaptive front lights, automatic emergency braking, blind spot detection, cross traffic alert, among others to various global OEMs and component manufactures. Factors such...
Automotive Wheels Aftermarket Size Report 2027
The global automotive wheels aftermarket is expected to show growth at a CAGR of 3.5% from USD 3.4 billion in 2022 to reach USD 4.1 billion by 2027. The continuous growth in the use of advanced materials and new compositions in wheels by manufacturers and OEMs is further anticipated to boost the automotive wheels aftermarket. Aftermarket players across the world are focusing on improving fuel economy...
Rolling Stock Market Set to Drive Growth, Worth $64.8 Billion by 2027
The global rolling stock market in terms of revenue was estimated to be worth $53.8 billion in 2022 and is poised to reach $64.8 billion by 2027, growing at a CAGR of 3.8% from 2022 to 2027.
In the coming years, the rolling stock business, which includes the production and upkeep of railroad equipment like locomotives, passenger coaches, and freight waggons, is expected to expand. Government...