Automotive Conformal Coatings Market Size, Share, Trends | Forecast [2030]
The automotive conformal coating market is projected to reach USD 3.5 billion by 2030, from an estimated USD 2.0 billion in 2024, at a CAGR of 10.0% during the forecast period.
Automotive manufacturers are subject to stringent industry standards and regulations aimed at ensuring vehicle safety, reliability, and performance. These standards often mandate rigorous testing and protection of electronic...
Electric Bus Industry to Reach $37.5 Billion by 2030: Key Market Drivers and Trends
The global electric bus industry is projected to grow at a CAGR of 14.2% during the forecast period, from an estimated market size of USD 17.0billion in 2024 to USD 37.5 billion by 2030.
The growing demand for electric buses is driven by several factors, such as government initiatives, subsidies and tax exemptions for electric vehicle adoption, charging infrastructure, and advancements in battery...
Electric 3 wheeler Market Share, Trends | Forecast [2030]
The Electric 3 wheeler Market Size is projected to grow from USD 1.3 billion in 2024 to USD 1.5 billion by 2030, registering a CAGR of 2.2%.
The electric 3 wheeler market has experienced notable growth in recent years, attributed to several factors including escalating fuel prices, government incentives, and the introduction of innovative technologies. As governmental regulations become increasingly...
Market Trends in Car as a Connected Living Ecosystem 2035
The Car as a Connected Living Ecosystem Size is estimated to grow from $8 billion in 2023 to more than $1.5 trillion by 2035 at the CAGR of 54.5%.
Factors such as technology developments and advanced connectivity levels across automotive OEMs and customer perceptions & service expectations from connected cars are driving the growth of the car as a connected living ecosystem market. Customers,...
Global Machine Tools Market: Size, Share, Growth Trends, and Forecast to 2030
The global machine tools industry is projected to grow from USD 78.6 Billion in 2023 to USD 104.7 Billion by 2030, registering a CAGR of 4.2%. Companies in the automobile industry are gradually adopting CNC machine tools to produce complex components with more accuracy, efficiency, and stability. Automakers are aggressively putting plans into place to shorten product life cycles, boost product efficiency,...
Top Trends Driving the Future of Automotive Industry
The Future of Automotive Industry, encompassing PV, LCV, and MHCV, size is projected to grow from 88 million units in 2024 and is projected to hit 104 million units by 2030, at a CAGR of 2.4%.
The growth of the automotive industry is influenced by various factors such as adoption of electric vehicles, development and manufacturing of long-range batteries along with installation of fast and ultra-fast...
Automotive Paints Industry Growth: What Will Drive It to $9.9 Billion by 2028?
The automotive paints industry is projected to reach USD 9.9 Billion by 2028 from an estimated USD 8.4 Billion in 2023, growing at a CAGR of 3.2% during the forecast period. The increasing in sales of EVs, growing trend for purchasing the compact and mid sized SUVs is driving the global automotive paints industry. Also, there is increase in adoption for powder coating and water-borne coating technologies...
Rolling Stock Market Size, Share, Growth | Outlook [2030]
The global rolling stock market, by value, is estimated to be USD 28.6 billion in 2024 and is projected to reach USD 40.1 billion by 2030, at a CAGR of 5.8% from 2024 to 2030.
Development in the hybrid trains is providing opportunities for the market growth. Train with hydrogen or battery drive technologies are still on the way to the market and offer much more sustainable and flexible alternatives...
Fire Truck Market Size, Share, Growth | Report [2030]
The global fire truck market is estimated to grow from USD 8.1 billion in 2024 to USD 9.6 billion by 2030, at a CAGR of 2.7%.
Rapid urbanization, infrastructural development, safety regulations for fire safety, technological improvements, and increase in government spending are projected to be the driving force for a fire truck market. There was a huge demand for the modernization and expansion...
Software Defined Vehicle Market Size, Share, Trends | Industry Forecast [2030]
The global Software Defined Vehicle market size is projected to grow from USD 213.5 billion in 2024 to USD 1,237.6 billion by 2030, at a CAGR of 34.0%. There are various factors that affect the growth of demand for SDVs in the global market. Receiving over-the-air updates guarantees that customers’ car software is always up to date with the newest features and vehicle security improvements....