Air Suspension Market Size, Share & Forecast 2030
The global Air Suspension Industry is expected to grow from USD 10.0 billion in 2024 to 13.9 billion by 2030, it is projected to grow at a CAGR of 5.6% in the forecast period. The air suspensions play a very important part in a vehicle, as they provide comfort, ride quality, and stability and also help reduce emissions by increasing fuel efficiency. Therefore, automotive OEMs invest very heavily...
Construction Equipment Market Size, Share, Trends & Analysis by 2030
The construction equipment market is projected to grow from USD 148.02 billion in 2024 to USD 186.62 billion by 2030 at a CAGR of 3.9%.
The construction equipment industry is expanding in the Asia Pacific due to growing urbanization, increased infrastructure development in Asia’s emerging economies, population expansion, and rising disposable income. Technological advancements in construction...
Hydrogen Truck Market Size and Forecast 2024 to 2035
The global hydrogen truck market size is projected to grow from USD 1.93 billion in 2024 to USD 10.79 billion by 2035 at a CAGR of 16.9% during the forecast period. The hydrogen truck market growth can be attributed to the regulatory backing and government initiatives to develop and deploy hydrogen-powered vehicles in the global market. Also, the expansion of hydrogen refuelling infrastructure and...
Conveyor System Market Size, Share & Growth Forecast 2030
The global 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 conveyor system market is experiencing robust growth due to the rising growth of automation, and advancement in 5G, IoT and Artificial Intelligence. Additionally, increasing standards for safer conveyor operations with new technological developments from solution...
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 & Analysis Report, 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...
Global Automotive Outlook worth 85.1 million units in 2025
Light vehicle sales worldwide are expected to increase by 1.3% year over year from 2024 to 2025, from 84.0 million units in 2024 to 85.1 million units in 2025.
A number of factors, including the adoption of electric vehicles, particularly hybrids, the development and production of long-range batteries, the introduction of autonomous vehicles and the steps OEMs are taking to commercialize them,...
EV Battery Market Size, Share, Trends & Analysis Report, 2035
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%. The EV battery market is a powerhouse propelling the green revolution, and its growth trajectory is fueled by a complex interplay of forces. Governments worldwide are tightening regulations on carbon emissions, pushing carmakers towards cleaner alternatives like...
Autonomous Forklift Market worth $5.07 billion by 2032
The autonomous forklift industry is projected to reach USD 5.07 billion by 2032 from an estimated USD 2.73 billion in 2025, at a CAGR of 9.3% from 2025 to 2032. The market is projected to expand because of rising demand for automated storage and retrieval systems (ASRS), growing acceptance of automated material handling equipment and warehouses, particularly in the e-commerce sector, industrial expansion...
Battery as a Service Market worth $14.45 billion in 2035
The global battery as a service industry is projected to grow from USD 0.66 billion in 2024 to USD 14.45 billion by 2035 at a CAGR of 32.4% during the forecast period. The growth of the market is primarily driven by the increasing demand for EVs with low upfront costs, along with the rising acceptance of EVs, particularly in cost-sensitive markets like India and China, where consumers prefer affordable...