The SUV Market is projected to reach USD 1221.7 billion by 2027 from USD 885.8 billion in 2022, at a CAGR of 6.6%. Rising demand for comfort and advanced automatic safety features will drive the SUV market With the rising increase in global vehicle sales, …
The global Usage-Based Insurance Market size was valued at USD 19.6 billion in 2021 and projected to reach USD 66.8 billion by 2026, growing at a CAGR of 27.7% during the forecast period. The growth of the usage-based insurance market is influenced by factors such …
The HD maps for autonomous vehicles market is estimated to be USD 1.4 Billion in 2021 and is projected to grow at a CAGR of 31.7% during the forecast period, to reach USD 16.9 Billion by 2030. With the growing trend of autonomous driving technology, …
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. Rapid urbanization, increasing cost of vehicle ownership and increasing demand of on-demand public transportation system in smart …
The electric vehicle plastics market is projected to grow from USD 3.7 billion in 2022 to USD 12.6 billion by 2027, at a CAGR of 27.9% during the forecast period. Race to reduce the vehicle’s overall weight to increase driving range and emissions, along with …
The global farm equipment market is projected to grow from USD 107.7 billion in 2023 to USD 136.3 billion by 2028, at a CAGR of 4.8% from 2023 to 2028. Growing demand for mechanization in agriculture with supporting subsidies & incentives from governments is projected …
The air suspension market is projected to grow from USD 17.8 billion in 2022 to USD 21.8 billion by 2027, at a CAGR of 4.2% during the forecast period. Automotive OEMs are investing in R&D activities to introduce innovative suspension systems to enhance ride comfort. …
The global terminal tractor market is projected to grow from USD 802 million in 2022 to USD 1,042 million by 2027, at a CAGR of 5.4% during the forecast period. The low maintenance cost of battery electric terminal tractors and increase in the adoption of …
The global fuel cell powertrain market size is projected to grow from USD 512 million in 2022 to USD 3,629 million by 2027, at a CAGR of 47.9%. The fuel cell powertrain market has witnessed rapid year-on-year growth in the Asia Oceania region. The region …
The automotive differential market is projected to reach USD 23.7 billion by 2027 from USD 20.0 billion in 2022, at a CAGR of 3.5%. The increase in demand for light commercial and heavy commercial vehicles, increased investment in infrastructure to boost the demand for construction …
The global automotive heat exchanger market is projected to grow from USD 28.9 billion in 2022 to USD 34.3 billion by 2027, at a CAGR of 3.5%. Parameters such as steady growth in the motor vehicle production, in conjunction with the rise in demand for …
The construction equipment market size is estimated to grow from USD 180.4 billion in 2022 to reach USD 223.1 billion by 2027, at a CAGR of 4.3% over the forecast period. The market is expected to witness growth due to an increase in urban infrastructure …
The global industrial vehicles market size will grow to USD 49.2 billion by 2028 (forecast year) from USD 39.7 billion in 2023 (estimated year), at a CAGR of 4.4% during the 2023-2028 period. Factors such as growing freight & logistics sector, in conjunction with the …
The railway telematics market is estimated to be USD 5.1 billion in 2021 and is projected to grow at a CAGR of 7.5% during the forecast period, to reach USD 7.3 billion by 2026. Various countries have realized that the development of railway infrastructure is …