Automotive Wheels Aftermarket Size, Industry Report 2027
The global automotive wheels aftermarket is projected to grow at a CAGR of 3.5% during the forecast period to reach USD 4.1 billion by 2027 from an estimated USD 3.4 billion in 2022. The automobile industry has witnessed a continuous increase in the average weight of the vehicle owing to the rising demand for safety and comfort features. This has led to huge innovations and R&D efforts from both...
Automotive Ambient Lighting Market Size, Share & Growth Analysis 2027
The automotive ambient lighting market size is projected to reach USD 6.2 billion by 2027 from an estimated USD 3.8 billion in 2022, at a CAGR of 10.6% from 2022 to 2027. The growth of this market can be attributed to the increasing demand of premium and luxury vehicles, increasing utilization of mood lighting, and the rising popularity of multicolour ambient lighting in luxury vehicles. Therefore,...
OTR Tire Market Size, Share & Trends by 2030
The global OTR Tire market is projected to grow from USD 4.8 billion in 2024 to USD 7.0 billion by 2030 at a CAGR of 6.5%. The growing demand for heavy machinery in construction, mining, and agriculture, coupled with increasing infrastructure projects worldwide, is driving the expansion of the OTR tire market. Additionally, advancements in tire technology, such as enhanced durability and tread designs,...
Fuel Cell Powertrain Market Size, Share, Growth, Forecast 2027
The global fuel cell powertrain market size is projected to grow from USD 512 million in 2022 to USD 3,629 million by 2027, at a CAGR of 47.9%. The fuel cell powertrain market has witnessed rapid development over the past few decades across the world due to the rising demand for low-emission vehicles and increasing vehicle range. During the past few years, various countries around the world have increased...
Automotive Turbocharger Market Size, Share, Trends & Analysis by 2030
The automotive turbocharger market is projected to grow from USD 15.2 billion in 2024 to USD 22.9 billion by 2030, at a CAGR of 7.1%. The growth of the automotive turbocharger market is propelled by harsh emission regulations and shifting consumer inclination for high-performance vehicles. As the automotive industry is transitioning from diesel to gasoline light-duty vehicles and a surge in vehicle...
Rolling Stock Market worth USD 65.6 billion by 2028
The global rolling stock market, by value, is estimated to be 54.6 USD billion in 2023 and is projected to reach 65.6 USD billion by 2028, at a CAGR of 3.8% from 2023 to 2028.
The market for rolling stock is expected to rise as a result of reasons including, the adoption of emissions-free transportation, and advantageous government policies including subsidies, rise in railway electrification.
Smart...
Conveyor System Market worth USD 12.7 billion by 2027
The global conveyor system market size is projected to reach USD 12.7 billion by 2027, from an estimated value of USD 9.4 billion in 2022, at a CAGR of 6.0%. Higher adoption of automation processes in various end-use industries and rising demand for handling larger volumes of goods are the driving factors that are expected to boost the conveyor system market. The constant R&D efforts...
Future of Automotive Cameras: Market Forecast to Reach $13.9 Billion by 2028
Anticipated growth in the automotive camera market is painting a promising picture, with estimations pointing towards a substantial $13.9 billion valuation by 2028. This surge is underpinned by a multitude of transformative factors driving shifts within the automotive landscape. Advancements in automotive safety technologies, particularly through sophisticated driver assistance systems (ADAS), are...
Automotive Lighting Market Size worth USD 30.4 billion by 2030
The Automotive Lighting Market is projected to grow from an estimated USD 22.5 billion in 2023 to reach USD 30.4 billion by 2030 at a CAGR of 4.4% during the forecast period.
Automotive manufacturers are highly focused on developing new and innovative lighting to increase the driver’s and other road users’ aesthetic appeal and safety. Automotive lighting is an integral part of every...
Automotive Diagnostic Scan Tools Market worth USD 41.4 billion by 2026
The Automotive Diagnostic scan tools Market is estimated to be USD 33.1 billion in 2021 and is projected to reach a market size of USD 41.4 billion by 2026, growing at a CAGR of 4.5% during the forecast period.
The major factors behind the growth of the global automotive diagnostic scan tools market are the growing preference of consumers for high-end cars, rising stringent emission norms and an...