Automotive Steering System Market Size worth USD 39.5 billion by 2027
The Automotive Steering System Industry Size 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.
Electrical Power Steering (EPS) and Steer-by-Wire (SbW) steering systems are in high demand due to the global deployment of EVs. OEMs have been able to deliver new and enhanced steering features that customers have universally embraced...
EV Battery Recycling Market Size worth USD 23.72 billion by 2035, at a CAGR of 40.9%
The global EV battery recycling market, by value, is estimated to be USD 0.54 Billion in 2024 and is projected to reach USD 23.72 Billion by 2035, at a CAGR of 40.9% from 2024 to 2035.
The EV battery recycling market is driven by the dual objectives of reducing environmental impact and addressing resource scarcity, particularly for lithium, cobalt, and nickel. Recycled materials are often...
The Impact of AI and IoT on the Construction Glass Market
The construction industry is evolving rapidly, with new technologies bringing efficiency, sustainability, and safety to modern building practices. Among these innovations, Artificial Intelligence (AI) and the Internet of Things (IoT) are making a significant impact on the construction glass market. By enhancing design, manufacturing, and monitoring processes, these technologies are transforming...
Marine Vessels Market Size, Share, Trends, and Forecast (2024-2030)
The marine vessels market is poised for steady growth, projected to reach USD 133.63 billion by 2030, up from USD 111.10 billion in 2024, at a CAGR of 3.1%. In terms of fleet size, the market is expected to expand from 61,671 units in 2024 to 70,237 units by 2030.
This growth is driven by:✅ Expanding global trade, increasing demand for commercial ships✅ Ongoing naval fleet modernization...
Multi-Technology Printing Market: Trends, Growth, and Future Outlook 2024-2028
The Multi-Technology Printing Market is a rapidly evolving sector that combines various printing technologies to meet the diverse needs of industries such as packaging, textiles, advertising, and electronics. This market is driven by the increasing demand for high-quality, cost-effective, and versatile printing solutions. In this article, we will delve into the intricacies of the Multi-Technology...
Global Machine Tools Market Size, Share & Trends [2030]
The global machine tools market size was valued at USD 78.6 billion in 2023 and is expected to reach USD billion by 2030, at a CAGR of 4.2% during the forecast period 2023-2030. The rising demand for manufactured goods across diverse industries catalyzes the growth and evolution of the global machine tools market. This demand fuels the development of more advanced, efficient, and specialized machine...
Autonomous Vehicle Sensor Market Outlook, Key Innovations, Growth Trends, and Business Opportunities 2030
The Global Autonomous Vehicle Sensor Market is witnessing rapid expansion, driven by technological advancements, increasing automation, and the growing demand for smart and connected devices. From automotive and healthcare to industrial automation and consumer electronics, sensors are at the core of the digital transformation across industries.
According to market research, the global sensor market...
Electric Truck Market Outlook, Growth Trends, Key Opportunities, and Industry Insights 2030
The Electric Truck Industry is estimated to be 101,499 units in 2022 and is projected to grow at a CAGR of 34.2% during the forecast period, to reach 1,067,985 units by 2030. The global push toward sustainability is revolutionizing the commercial vehicle industry, with electric trucks leading the charge in reducing carbon emissions and operating costs. As governments implement stricter regulations...
Pet Food Packaging: A Human-Centered Approach to Innovation
The pet food industry is witnessing remarkable growth, driven by a deepening bond between pet owners and their furry companions. Today’s pet parents want the best for their animals—not just in terms of nutrition but also in the packaging that keeps their food fresh, safe, and easy to use. As a result, the pet food packaging industry is evolving rapidly, blending functionality with aesthetics...
Recreational Boat Market Size, Share & Industry Analysis by 2028
The global recreational boat market, by value, is estimated to be USD 18.9 billion in 2023 and is projected to reach USD 25.9 billion by 2028, at a CAGR of 6.5% from 2023 to 2028. The recreational boat market is set to benefit from several key factors that will drive its growth. The expanding tourism industry, along with rising disposable income levels, will contribute to increased demand for...