The 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 …
The global AVAS market is projected to grow from USD 1.2 billion in 2024 to USD 1.7 billion by 2030, at a CAGR of 6.4%. The AVAS market is driven by the increasing adoption of electric and hybrid vehicles, which are quieter than traditional internal …
The global Software Defined Vehicle market size is projected to grow from USD 213.5 billion in 2024 to USD 1,237.6 billion by 2030, at a CAGR of 34.0%. The growth of demand for SDVs in the global market is influenced by various factors such as an …
The SUV market is projected to reach 53 million units by 2030 from 41 million units in 2024, at a CAGR of 4.4%. The SUV segment has rapidly gained popularity among consumers owing to its road presence, space & size, stylish design, and advanced safety …
The global rolling stock market, by value, is estimated to be USD 28.6 billion in 2024 and is projected to reach USD 40.1 billion by 2030, at a CAGR of 5.8% from 2024 to 2030. Development in the hybrid trains is providing opportunities for the …
The global fire truck market is estimated to grow from USD 8.1 billion in 2024 to USD 9.6 billion by 2030, at a CAGR of 2.7%. Rapid urbanization, infrastructural development, safety regulations for fire safety, technological improvements, and increase in government spending are projected to …
The global terminal tractor market size is projected to grow from USD 1.55 billion in 2025 to USD 2.25 billion by 2032 at a CAGR of 5.5%. Rising international trade by expanding ports and distribution centers, booming e-commerce, and expanding warehouses have increased the volume …
The Air Suspension market is projected to reach USD 13.9 billion by 2030 from USD 10.0 billion in 2024, at a CAGR of 5.6%. The rising sales of luxury passenger vehicles, including SUVs, sedans, and electric vehicles, are expected to boost the global demand for …
The global autonomous driving software market is projected to grow from USD 1.8 billion in 2024 to USD 7.0 billion in 2035, at a CAGR of 13.3%. As automakers and technology companies plan to launch self-driving cars, demand for driving software solutions is likely to …
The Conveyor System market size is projected to grow from USD 10.4 Billion in 2024 to USD 14.8 Billion by 2030, at a CAGR of 6.0%. The constant need to increase the productivity each year is expected to increase the demand for highly mechanized and …
The global forklift market is estimated to grow from USD 85.2 billion in 2024 to USD 125.4 billion by 2030, with a CAGR of 6.7% over the forecast period. The global forklift market observes growth due to growth in e-commerce and warehouse sectors, an increase …
The global machine tools market is undergoing significant transformation, driven by advances in automation, precision engineering, and shifting global manufacturing priorities. As industries adapt to heightened quality standards and integrated digital technologies, the strategic landscape is evolving for businesses seeking growth and innovation in this …
The global all-terrain vehicle market size is projected to grow from USD 2.9 billion in 2024 to USD 3.3 billion by 2030 at a CAGR of 2.3%. The all-terrain vehicle (ATV) market is expected to grow due to increased demand across various applications such as …
The global hydrogen truck market is projected to grow from USD 1.9 billion in 2024 to USD 10.8 billion in 2035, at a CAGR of 16.9%. Hydrogen Truck market is growing due to expansion in hydrogen refueling infrastructure and advancements in fuel cell technology, R&D …