Automotive Ambient Lighting Market Estimated to reach $4.9 billion by 2025
The ambient lighting market for automotive is estimated to grow at a CAGR of 9.9% from 2020 to 2025. It is projected to reach USD 4.9 billion by 2025 from an estimated USD 3.0 billion in 2020. The market growth can be attributed to increase demand for luxury and comfort in passenger car vehicle.
Market Dynamics:
Driver: Increasing sale of ultra-luxurious vehicles
The improving global economic...
Hub Motor Market Likely to reach $10.82 billion by 2025
The hub motor market is projected to grow at a CAGR of 5.01% during the forecast period to reach USD 10.82 billion by 2025 from an estimated USD 7.69 billion in 2018. Hub motor improves the performance of electric vehicles. Hub motor helps supply torque to its associated tire and generates more power to improve the efficiency of a vehicle. The other benefits of hub motor technology is that it provides...
Automotive Smart Display Market Projected to reach $10.9 billion by 2025
The Automotive Smart Display Market is estimated to be worth USD 7.2 billion in 2020 and is projected to reach USD 10.9 billion by 2025, at a CAGR of 8.8% during the forecast period. The market is driven by increased customer awareness about road and vehicle safety, demand for improved consumer experience in vehicles, and high growth in the luxury and high-end cars segments, mainly in the...
Automotive Acoustic Materials Market Estimated to reach $3.5 billion by 2027
The Automotive Acoustic Materials Market is projected to grow at a CAGR of 4.79% from USD 2.4 billion in 2019 to USD 3.5 billion by 2027. The increasing requirement for acoustic efficiency in automobiles for enhanced cabin comfort is the major factor which will drive the acoustic materials market.
BEV is expected to be the fastest growing segment in the automotive acoustic materials market, by...
Container Handling Equipment Market Witness to reach $8.75 billion by 2025
The Container Handling Equipment Market is projected to grow at a CAGR of 4.24%, during the forecast period, to reach a market size of USD 8.75 billion by 2025. Increased cargo transportation, growing use of automation technologies at port terminals, stringent emission levels resulting in the increased demand for electric and hybrid equipment, and the rising demand in Asia Pacific and the Middle...
Automotive Seats Market Estimated reach $60.0 billion by 2025
The global Automotive Seat Market size is projected to
grow to USD 60.0 billion by 2025 from USD 51.9 billion in 2020, at a CAGR of
2.9%. Increase in demand for luxury and premium vehicles, lightweight material
would drive the global automotive seat industry.
With an increase in demand for
SUVs and luxury cars, automotive seating has evolved in terms of technology,
comfort, and safety. While...
Automotive Bushing Market Likely to reach $175.31 billion by 2025
The report “Automotive Bushing Market by Application (Engine, Suspension, Chassis, Interior, Exhaust, Transmission), Vehicle Type (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle), Ev Type, and Region – Global Forecast to 2025″ The global automotive bushing market is projected to grow from an estimated USD 132.20 billion in 2018 to USD 175.31 billion by 2025,...
CNG and LPG Vehicle Market Estimated 4,389 thousand units sales by 2026
The global CNG and LPG vehicle market size is projected to grow from 2,135 thousand units sales in 2021 to 4,389 thousand units sales by 2026, at a CAGR of 15.5%. Factors such as growing demand for low emission commuting and governments supporting CNG and LPG vehicles through subsidies & tax rebates have compelled the manufacturers to provide CNG and LPG vehicles around the world.
Factors...
In-vehicle Infotainment Market Estimated to reach $38.4 billion by 2027
The In-vehicle Infotainment Market is projected to grow from USD 20.8 billion in 2021 to USD 38.4 billion by 2027, at a CAGR of 10.8%. The in-vehicle Infotainment system aggregates all the infotainment functions of the vehicle, including tuner reception, media connectivity, audio playback, navigation, and HMI. It offers solutions such as audio/video entertainment and information content, including...
All-terrain Vehicle Market Projected to reach $5.0 billion by 2027
The All-Terrain Vehicle Market, by value, is projected to grow to USD 5.0 billion by 2027 from USD 4.3 billion in 2022, at a CAGR of 2.7% during the forecast period. The increasing demand for ATVs in military, agriculture, and sports applications is the major factor driving the all-terrain vehicle market.
“Sports to be the fastest segment, by type”
The sports segment is projected to be...