Automotive Relay Market Projected to Reach $15.5 Billion by 2027
The automotive relay market is projected to grow from USD 12.2 billion in 2022 to USD 15.5 billion by 2027, at a CAGR of 5.0% for the same period.
The market is expected to witness growth mainly due to growing electrification in the automobiles. This includes the BEV, PHEV, 48V mild hybrid systems, and FCEVs. All these electric systems demand the incorporation of a greater number of electronic...
Light Electric Vehicles (LEVs) Market to Hit $122.7 Billion by 2027
The light electric vehicle market is projected to grow from USD 78.5 billion in 2022 to USD 122.7 billion by 2027, registering a CAGR of 9.4%. This research mapped E-ATVs/UTVs, E-Bike, E-Scooter, E-Motorcycle, Neighborhood Electric Vehicle, E-Lawn Mower (Robotic E-Lawn Mower and Manual E-Lawn Mower), Electric Industrial Vehicles, Autonomous Forklifts, Delivery Robots, and Automated Guided Vehicles....
Electric Bus Market Set to Reach 671,285 Units by 2027
The global electric bus market size is projected to grow from 112,041 units in 2022 to reach 671,285 units by 2027, at a CAGR of 43.1%. The growth of the electric bus market can be attributed to the increasing focus of countries on electrification of their public transport fleets with subsidies and favorable regulations due to emission concerns. Advancements in battery pack technologies, declining...
Automotive Glass Market Expected to Reach $30.6 Billion by 2027
The automotive glass market is projected to grow at a CAGR of 5.4%, from an estimated USD 23.6 billion in 2022 to USD 30.6 billion by 2027. Increasing global vehicle production, growing demand for cabin comfort, and government safety regulations for enhanced vehicle safety are expected to drive the automotive glass market. Growing sales of premium and luxury cars are projected to drive the demand...
Thermal Systems Market to Reach $41.7 Billion by 2027
Published by MarketsandMarkets, the global Thermal Systems market is projected to grow at a CAGR of 2.1% during the forecast period, from an estimated USD 37.6 billion in 2022 to USD 41.7 billion by 2027.
Growing stringency of emission regulations for on-highway & off-highway vehicles and rising demand for cabin comfort applications will drive the thermal system market in coming years.
The...
OTR Tires Market Set to Expand Rapidly, Expected to Reach $11.4 Billion by 2027
Published by MarketsandMarkets, the OTR Tires market is projected to grow from USD 8.7 billion in 2022 to USD 11.4 billion by 2027, at a CAGR of 5.5% over the forecast period.
In European countries, owing to the war in Ukraine, there is growth in infrastructure and farming activities. Additionally, the Ukrainian people are shifting to other countries, creating housing needs. Such factors are responsible...
Autonomous / Self-driving Cars Market Projected to Reach 62.4 Million Units by 2030
The global autonomous / self-driving cars market size is projected to grow from 20.3 million units in 2021 to 62.4 million units by 2030, at a CAGR of 13.3%. The growth of the market is driven by the growing demand for driver assistance systems and stringent safety mandates for a safer driving experience.
Safety features are an important prerequisite for automotive customers across the world. Governments...
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...