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 …
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 …
The global EV Charging Station Market is projected to grow from USD 7.3 billion in 2024 to USD 12.1 billion by 2030, at a CAGR of 8.8%. Factors such as rising EV sales worldwide will increase demand for EV charging stations, government policies and subsidies …
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 …
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 …
The global electric bus market is projected to be USD 17.0 billion in 2024 and to grow to USD 37.5 billion by 2030, at a compound annual growth rate (CAGR) of about 14.2%. The electric bus market will witness high acceleration in the upcoming years …
The micro-mobility market is estimated to grow from USD 3.4 billion in 2022 to USD 6.1 billion by 2027 at a CAGR of 12.5% over the forecast period. Developing connected and telematics technologies, opportunities for service providers in untapped markets, and electric two-wheeler & component …
The forklift market size is projected to grow from USD 58.9 billion in 2022 to USD 84.5 billion by 2027, at a CAGR of 7.5% for the same period. The market is expected to witness growth due to major factors such as rising demand for …
The global EV Charging Station Market is estimated USD 7.3 billion in 2024 to USD 12.1 billion by 2030, at a CAGR of 8.8%. The growth of the EV Charging Station market is primarily driven by the increasing global sales of electric vehicles. Governments worldwide …
The Air Suspension market is projected to reach USD 21.8 billion by 2027 from USD 17.8 billion in 2022, at a CAGR of 4.2%. Electric & hybrid buses would lead the market demand for air suspension systems Stringent emission & fuel efficiency regulations and stiff …
The global automotive valves market is projected to grow at a CAGR of 2.3% from 2022 to 2027, to reach a market size of USD 28.2 billion by 2027. The key driving factors behind the growth of automotive valves market are rise in sales of …
The construction equipment market is projected to grow from USD 149.7 billion in 2023 to USD 194.7 billion by 2030, at a CAGR of 3.8%. The construction equipment rental business is picking up steam and seems to be having a positive impact on the global …
The global Automotive Motors Market for ICE vehicles is projected to grow from USD 23.0 billion in 2022 to USD 28.7 billion by 2027, at a CAGR of 4.5%. Factors such as recovering sales of automobiles around the world, along with the increasing fuel prices, …
The global EV test equipment market size is projected to grow from USD 79 million in 2022 to reach USD 242 million by 2027, at a CAGR of 25.2%. The increasing demand for alternative fuel vehicles has increased the growth of the market for electric …