Connected Tires Market Size, Share, Industry Trends and Global Forecast 2028
The global connected tires market size is projected to grow from USD 4 million in 2023 to USD 54 million by 2028, at a CAGR of 67.1%. Growing demand for road safety, increased vehicle features are driving the demand for connected tires. With features like tire pressure monitoring, tread wear analysis, and temperature sensing, connected tires offer enhanced safety on the road. Drivers and fleet managers...
Asia Pacific Electric Three-Wheeler Market Size, Share, Trends and Industry Forecast 2028
The Asia Pacific Electric Three-Wheeler Market is projected to grow from USD 813 million in 2023 to USD 892 million by 2028, registering a CAGR of 1.9%.
Due to several factors, the electric three-wheeler market is gaining popularity in the Asia Pacific region. Firstly, electric three-wheelers are a cost-effective mode of transportation for short distances, which makes them a preferred choice for...
Automotive Fuel Cell Market Trends and Forecast by 2030
The global automotive fuel cell market size is valued at USD 0.2 billion in 2024 and is expected to reach USD 2.1 billion by 2030, at a CAGR of 48.0%. Government support toward green hydrogen technology and improving hydrogen infrastructure is expected to support the automotive fuel cell market. Furthermore, the fuel cell vehicle (FCEV) market is poised for expansion, driven by increasing demand...
Autonomous Forklift Market Size, Share, Global Trends and Industry Forecast 2028
The autonomous forklift market size is projected to grow from USD 4.6 billion in 2023 to USD 8.8 billion by 2028, at a CAGR of 13.8% from 2023 to 2028.
The growth of the autonomous forklift market is influenced by factors such as rising complexities for product handling, rising need for smart logistics, good return on investment, better space utilization, and growing consumerism through online...
Euro 7 Regulations Compliant Market Size, Share, Industry Trends and Global Forecast 2035
The Euro 7 regulations compliant market is estimated to grow from 13.6 million units in 2026 to 14.1 million units by 2035 at a CAGR of 0.4% from 2026 to 2035. The European Commission has been focusing on technologies that will help achieve the goal of zero emissions from the automotive sector. The automotive industry, already moving forward on the trend of electrification, is now baffled by the stricter...
Sensor Market for Automated Vehicles Size, Share, Industry Trends and Global Forecast 2030
The sensor market for automated vehicles is projected to grow from USD 0.4 billion in 2022 to USD 19.1 billion by 2030, registering a CAGR of 62.6%.
The growing demand of safer, efficient and fuel-efficient vehicles are expected to increase the demand for automated vehicles around the world. With this, the demand for sensors for automated vehicles such as cameras, radar sensors, lidar sensors,...
Global Automotive Steering System Market Size, Share, Industry Trends and Forecast 2027
The Automotive Steering System market is projected to grow from USD 35.3 billion in 2022 to USD 39.5 billion by 2027, at a CAGR of 2.3% over the forecast period.
The rapid adoption of Electric Vehicles (EVs) worldwide creates a huge demand for Electrical Power Steering (EPS) and Steer-by-Wire (SbW) steering systems. Integration of Advanced Driver Assistance Systems (ADAS) with EPS has helped OEMs...
Automotive Lightweight Materials Market Share, Size, Industry, Trends and Forecast 2027
The automotive lightweight materials market is projected to grow from USD 73.9 billion in 2022 to USD 101.5 billion by 2027, at a CAGR of 6.5% for the same period. The base year for the report is 2021, and the forecast period is from 2022 to 2027.
The automotive lightweight materials market is expected to grow mainly due to increasing stringency in emission norms and the rising bar for fuel-efficient...
Automotive Engineering Services Market Size, Share, Global Trends & Industry Forecast 2028
The automotive engineering service market is projected to grow from 153.2 billion in 2022 to 243.9 billion by 2028, registering a CAGR of 8.1%.
The growing demand of zero-emission vehicles, advancements in technologies such as ADAS, battery management, connectivity, among others, and rising commercial transport are expected to increase the demand for automotive engineering services around the world....
Motor Lamination Market Size, Share, Global Trends and Industry Forecast 2027
The motor lamination market is estimated to grow from USD 21.9 billion in 2022 to reach USD 27.6 billion by 2027 at a CAGR of 4.7% over the forecast period.
The growing demand for fuel-efficient and safe vehicles will require addition of accessories primarily driven by motor which will subsequently propels the motor lamination market. Growing demand for premium vehicles, particularly in developing...