Automotive Heat Shield Market to Achieve $13.9 Billion by 2025
The automotive heat shield market is estimated to be worth USD 11.7 billion in 2020 and is projected to reach USD 13.9 billion by 2025, at a CAGR of 3.4% during the forecast period. The growing adoption of electronics in automobiles, increasing demand for luxury vehicles, and technological advancements in heat shields are key factors driving the automotive heat shield market. The market has witnessed...
EV Battery Market to Surge to $134.6 Billion by 2027
The global EV battery market is projected to grow at a CAGR of 19.0% from USD 56.4 billion in 2022 to USD 134.6 billion by 2027. The base year for the report is 2021, and the forecast period is from 2022 to 2027. The automotive industry places a strong emphasis on efficiency, emission-free propulsion, and cutting-edge technologies as a result of the government’s increasingly strict regulations...
Drive By Wire Market Set to Reach $27.9 Billion by 2027
The automotive drive by wire market is projected to reach USD 27.9 billion by 2027 from an estimated USD 20.6 billion in 2022 at a CAGR of 6.2% during the forecast period, driven by developments in the automotive drive-by-wire sector and growing EV sales and increasing autonomous vehicle developments. For instance, in July 2022, CNH industrial-backed Monarch tractors unveiled its first fully...
Automotive Filters Market Expected to Reach $13.1 Billion by 2027
The automotive filters market is projected to reach USD 13.1 billion by 2027 from USD 11.1 billion in 2022, at a CAGR of 3.3%. The increase in demand for light commercial and heavy commercial vehicles, Rising government emission norms related to CO2 and NOx emission, and increased investment in infrastructure to boost the demand for heavy commercial vehicles and construction equipment, and hence,...
Low-Speed Vehicle Market Surges: $15.0 Billion Industry 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 of golf, and the growing electric vehicle charging infrastructure.
According to primary and secondary analysis, North America is the largest low-speed vehicle market while...
Battery Swapping Market Estimated to reach $11.8 billion by 2027
The battery swapping market is projected to grow from USD 1.7 Billion in 2022 to USD 11.8 Billion by 2027, at a CAGR of 46.9% during the forecast period. This report covers battery swapping market for 2-wheeler, 3-wheeler and 4-wheeler vehicle type and automated and manual swapping station type.
Battery swapping is an alternative to conventional charging and involves replacing depleted batteries...
Fluid Transfer System Market Expected to Reach $25.0 Billion by 2027
The fluid transfer system market is projected to grow from USD 19.1 billion to USD 25.0 billion in 2027, at a CAGR of 5.6% during the forecast period. The demand for fluid transfer systems is primarily driven by the increasing vehicle production globally, the rise in the electrification of automobiles, the use of advanced after-treatment devices in off-highway vehicles, and the growing demand for...
Global Machine Tools Market Estimated to reach $98.3 Billion in by 2027
The global machine tools market is estimated to be USD 77.0 billion in 2019 and is projected to reach USD 98.3 billion by 2027, at a CAGR of 3.2%. The overall machine tools market is highly governed by the continually rising industrial manufacturing and processing sector. Asia Pacific is estimated to remain a frontrunner in the market during the forecast period. Machine tool manufacturers in Europe...
Train Battery Market Size, Share, Growth Forecast by 2030
The global train battery market is projected to reach USD 758 million by 2030 from an estimated USD 518 million by value in 2022, registering a CAGR of 4.9% during the forecast period. Rapid urbanization is leading to increased demand for public transport, and the demand for long-distance rail journeys is expected to boost the train battery market. Furthermore, the increasing number of high-speed...
V2X Cybersecurity Market Expected to reach $3.2 Billion by 2028
The global automotive V2X market is projected to grow from USD 2.6 billion in 2022 to USD 19.5 billion by 2028, at a CAGR of 39.7%. Parameters such as developments in connected car technology, in conjunction with the rise in demand for autonomous driving will upsurge the demand for the automotive V2Xs. Further, strong government support for V2X technology, coupled with advancements in 5G technology...