Micromotor Market worth USD 68.3 billion by 2028, at a CAGR of 8.8%
The micromotor market is projected to grow from USD 44.8 billion in 2023 to USD 68.3 billion by 2028, at a CAGR of 8.8% during the forecast period. Micromotors have wide applications in automotives, medical equipment, agriculture equipment system, aircraft systems, industrial automation processes, etc. With the increase in demand for minituarization of components in automoives, medical devices, aerospace...
EV Platform Market Size worth USD 68.0 billion by 2030, at a CAGR of 28.7%
The EV platform market is estimated to grow from USD 9.0 billion in 2022 to USD 68.0 billion by 2030 at a CAGR of 28.7% over the forecast period.
Preference for high-voltage and long-distance range EVs , high demand for solid-state batteries in EVs, growing demand for end-to-end software-defined vehicles , and development of lightweight EVs would create growth opportunities in the EV platform industry.
Utility...
EV Battery Market worth USD 508.8 billion by 2033, at a CAGR of 14.4%
The global EV battery market is projected to grow from USD 132.6 billion in 2023 to USD 508.8 billion by 2033, registering a CAGR of 14.4%.
Recent advancements in the EV market have resulted in the introduction of batteries with higher standards. While these batteries are expected to improve EV performance and range, factors such as the limited range of EVs, the significant charging time required,...
Automotive Hypervisor Market worth 566 million by 2027, at a CAGR of 27.0%
The automotive hypervisor market is projected to grow at a CAGR of 27.0% from 2022 to 2027, to reach USD 566 million by 2027 from USD 171 million in 2022. The basic objective of the hypervisor is to create an abstraction of various automotive functions by enabling the installation of multiple operating systems for several applications.
“Economy vehicle segment is expected to have large market...
Pool & Spa Market Size to Grow $23.6 Billion by 2027
The global Pool & Spa Market size is estimated to be USD 23.6 billion by 2027 from USD 19.1 billion in 2022, at a CAGR of 4.3% during the forecast period. The pool & spa market is expected to witness significant growth during the forecast period, owing to the rising residential and commercial construction activities and increased investment installation of pools & spas for recreational...
Weigh-In-Motion System Market worth USD 1.8 billion by 2027, at a CAGR of 10.0%
The weigh-in-motion system market is projected to reach USD 1.8 billion by 2027 from USD 1.1 billion in 2022, at a CAGR of 10.0% during the forecast period.
Increasing government initiatives toward intelligent transportation systems and increasing public-private partnerships (PPPs) is boosting the growth of the market for weigh-in-motion system. Road safety regulations by governments especially...
Car Care Products Market Size worth USD 4.8 billion by 2027, at a CAGR of 1.9%
The global car care products market is projected to grow at a CAGR of 1.9% during the forecast period, from an estimated USD 4.4 billion in 2022 to USD 4.8 billion by 2027.
Increase in sale of used cars, use of e-commerce platforms by leading players to increase customer base are expected to offer promising future growth of the market for car care products. Availability of various auto beauty shops...
Electric Vehicle Plastics Market Size worth USD 12.6 billion by 2027
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% over the forecast period.
Race to reduce overall vehicle weight to increase driving range, reduce emissions in hybrid vehicles, and increase demand for superior quality vehicle interiors driving the plastics market in electric vehicles.
Polyurethanes and Polypropylene...
SUV Market Size worth USD 1,221.7 billion by 2027
The SUV market is projected to grow at a CAGR of 6.6% during the forecast period, from an estimated USD 885.8 billion in 2022 to USD 1,221.7 billion by 2027, at a CAGR of 6.6%. The growth of the SUV market.
Rising consumer inclination toward comfort and automatic safety features, other benefits such as higher ground clearance, commanding driver seating position, robustness, and off-road driving...
Offshore Support Vessel Market Size to Grow $36.3 Billion by 2029
The global Offshore Support Vessel Market in terms of revenue was estimated to be worth $25.6 billion in 2024 and is poised to reach $36.3 billion by 2029, growing at a CAGR of 7.2% from 2024 to 2029 according to a new report by MarketsandMarkets™.
The global Offshore Support Vessel Market is anticipated to grow at a higher level. There are various drivers responsible for the growth of the...