Advanced Tires Market Size, Share & Trends [2030]
The advanced tires market size is estimated to grow from USD 1.3 billion in 2023 to reach USD 3.2 billion by 2030 at a CAGR of 14.4% over the forecast period.
The growth of the advanced tires market is influenced by factors such as increasing government regulations related to tire emissions and brakes, growing consumer preference for advanced safety and convenience features, rising sales of electric...
Electric Vehicle Market Size, Share, Growth, Analysis by 2030
The global electric vehicle market is projected to grow from USD 396.49 billion in 2024 to USD 620.33 billion by 2030 at a CAGR of 7.7%. Many factors are collectively driving the electric vehicle market. The most important of these is the reduction of the total cost of ownership through lower fuel and maintenance costs than traditional internal combustion engine (ICE) vehicles. The energy density...
Vehicle Subscription Services Market Size, Share & Trends [2035]
The vehicle subscription services market is expected to grow from USD 4,822.8 million in 2024 to USD 22,008.3 million by 2035, with a CAGR of 13.6%. The vehicle subscription model is gaining significant traction worldwide, driven by converging trends that reflect changing consumer habits, technological advancements, and market forces. Central to this shift is the growing reluctance to make long-term...
Global Commercial Vehicle Outlook: 2025 and Beyond
The commercial vehicle sector is navigating a period of transformation, powered by advancements in alternative propulsion, digitalization, and the accelerating push for sustainable logistics. This outlook, grounded in MarketsandMarkets data, breaks down the market’s evolving trajectory, highlights high-growth technologies, and surfaces actionable...
Hybrid Product Portfolio of OEMs Projected to Hit 28.5 Million Units by 2030
The hybrid market is projected to grow from 12.4 million units in 2024 to 28.5 million units by 2030 at a CAGR of 13.0%. The major drivers of the market are stringent emission norms set by the governments, an increase in the adoption of sustainable vehicles, and superior efficiency without range anxiety or charging or battery discharge. By region, Europe and China are projected to lead the hybrid...
Automotive Heat Shield Market Size, Share, Trends & Analysis by 2032
The automotive heat shield market is projected to grow from USD 12.14 billion in 2025 to USD 12.68 billion by 2032, at a CAGR of 0.6%. The automotive heat shield market is driven by the widespread presence of ICE vehicles in China, Japan, India, and the US, increasing demand for high-temperature-resistant shielding solutions. With EV adoption rising, specialized heat shields made from lightweight...
Electric Powertrain Market Size, Share, Growth | Analysis [2030]
The electric powertrain Industry is projected to reach USD 230.5 billion by 2030 from USD 96.7 billion in 2023, at a CAGR of 13.2% from 2023 to 2030.
The electric powertrain market is driven by growing demand for electric vehicles which in turn is influenced by factors such as growing stringency in emission norms and government support in terms of tax exemptions & subsidies to promote electric...
Hypercharger Market Size and Share: Projected to Reach 273.7 Thousand Units by 2030
The hypercharger market is poised for substantial growth, with projections estimating a market size of 273.7 thousand units by 2030. This significant expansion is driven by the rapid adoption of electric vehicles (EVs) and the increasing need for faster, more efficient charging solutions. As the EV market continues to evolve, hyperchargers are emerging as a critical component of the infrastructure,...
Electric Light Commercial Vehicle Market Size, Share & trends [2030]
The global electric light commercial vehicle market size is projected to grow from 333.6 thousand units in 2022 to 3,919.3 thousand units by 2030, at a CAGR of 36.1%.
Factors such as rising demand for zero-emissions commuting and government support for low-emission vehicles through subsidies and tax breaks have resulted in automakers embracing EVs and the expansion of the electric light commercial...