The global brake system market is expected to reach US$ 24.9 billion in 2024 and US$ 42.3 Billion by 2034. The market is projected to rise at a CAGR of 5.4% by 2034. The expansion of the market is attributed to the rising popularity of commercial vehicles such as…
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The light electric vehicle market is expected to be valued at US$ 98.2 billion in 2024. The market’s progress is projected to increase at a CAGR of 10.6% from 2024 to 2034. By 2034, the market value is forecasted to hit US$ 268 Billion. In recent years, there has…
The global automotive key market value is forecast to increase from US$ 6,620.8 million in 2024 to US$ 14,148.8 Million by 2034. The demand for automotive keys is projected to surge at a CAGR of 7.9% between 2024 and 2034. Technology developments and changing…
As per Future Market Insights (FMI), the Europe automotive tire market value is projected to rise from US$ 68.4 billion in 2023 to US$ 108.7 billion by 2033. Sales of automotive tires across Europe are likely to soar at 4.8%…
The global excavators market size is anticipated to register considerable growth, exhibiting a CAGR of 5.2% from 2023 to 2033. According to the research report published by FMI, the market is likely to hit a valuation of US$ 74.27 billion…
The global car security system market is anticipated to attain a valuation of US$ 13.5 billion in 2023 and is expected to reach US$ 40 billion by 2033, trailing a CAGR of 11.4% during the forecast period. The market demand…
The global airline A-la-carte services market is forecast to have a worth of US$ 147.90 billion in 2023, and is projected to grow to a value of US$ 646.86 billion by 2033. It is estimated that the demand for these…
According to FMI’s study of the global EV power module market demand, the industries are anticipated to expand at a healthy CAGR of 24% on average. Consequently, by the end of the forecast period, the EV module market share’s entire…
The global automotive turbocharger market is expected to be worth US$ 16.6 billion. The market is expected to reach US$ 41.5 Billion by 2033. It is anticipated to expand at a 9.6% CAGR throughout the forecast period. By compressing the intake air, turbochargers can potentially increase engine efficiency…
The adaptive cruise control market is capturing a valuation of US$ 4.1 billion in 2023 and is predicted to reach US$ 13.7 Billion by 2033. The market is registering a CAGR of 12.7% during the forecast period. The automotive industry is rapidly growing behind the global…