Relay Industry Size to Receive Overwhelming Hike in Revenues By 2030
Relay Industry Size to Witness a Pronounce Growth During 2022 To 2030
The global relay industry size is estimated to be USD 9.0 billion in 2022 and is projected to reach USD 14.7 billion by 2030, at a CAGR of 6.3% during the forecast period. The relay industry is driven by the rising investments in renewable energy resources. According to the International Energy Agency (IEA) forecast, the total...
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,...
Regional Insights: North America’s Leadership in the Commercial Refrigeration Market
The report “Commercial Refrigeration Market by Product Type, Refrigerant Type, Application (Food Service, Food & Beverage Production, Food & Beverage Retail), End Use (Supermarkets & Hypermarkets, Hotels & Restaurants, Bakeries), & Region – Global Forecast to 2028”, is projected to grow from USD 45.6 billion in 2023 to USD 62.7 billion by...
Future of SUV Market Size, Share, Trends | Growth Analysis [2030]
The SUV market has experienced significant growth over the past decade, evolving from a niche segment to one of the most dominant categories in the automotive industry. As consumer preferences shift and new technologies emerge, the future of SUVs looks more dynamic than ever. For industry professionals, automakers, and investors, staying ahead of these trends is crucial to capitalizing on the opportunities...
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...
Precision Farming Fuels Agriculture Analytics Market to $2.5 Billion by 2028
The agriculture industry is undergoing a significant transformation, driven by the need for sustainable and efficient farming practices. According to a recent research report by MarketsandMarkets, the global Agriculture Analytics Market is projected to grow from USD 1.4 billion in 2023 to USD 2.5 billion by 2028, at a robust Compound Annual Growth Rate (CAGR) of 13.1%. This growth is largely...
Mobility as a Service Industry Size, Share, Trends & Analysis by 2030
The Mobility as a Service Industry is projected to grow from USD 5.7 Billion in 2023 to USD 40.1 Billion by 2030, at a CAGR of 32.2% over the forecast period. Increasing smart city initiatives, growing adoption of on-demand mobility services, and the need to reduce CO2 emissions to drive Mobility as a Service Industry. MaaS promotes the use of sustainable modes of transportation, such as public transit...