Global Automotive Industry Size, Share, Trends and Forecast 2024
The Global Automotive market will have a global passenger vehicles and commercial vehicles combined sales of 92 million units in 2023 and is projected to 95 million units in 2024, witnessing a YoY growth of 3.1% from 2023 to 2024.
The growth of the automotive market is influenced by various factors such as adoption of electric vehicles, development and manufacturing of long-range batteries along...
Wireless Charging Market for Electric Vehicles Size, Share, Industry, Trends and Global Forecast 2030
The global wireless charging market for electric vehicles size is projected to grow from USD 80 million in 2023 to USD 1279 million by 2030, at a CAGR of 48.4%. The rise in focus towards e-mobility paired with increased infrastructure development for EVs charging are expected to increase the demand for wireless EV charging solutions. Also, the strong government support for emission free electric vehicle...
Automotive Green Tires Market Size, Global Share, Trends, Industry and Forecast 2028
The global automotive green tires market size is projected to grow from USD 11.5 billion in 2023 to USD 15.8 billion by 2028, at a CAGR of 6.5%. The high demand for low rolling resistance tires is one of the key factors driving the growth of the green tires market. Low rolling resistance tires are designed to reduce the amount of energy required for a tire to roll, which can lead to improved fuel...
Electric Powertrain Market Size, Share, Trends, Industry and Forecast 2030
The electric powertrain market 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...
Automotive Seat Market Size, Share, Industry Trends and Global Forecast 2030
The Automotive seat market is estimated to grow from USD 53.7 billion in 2023 to USD 58.4 billion by 2030 at a CAGR of 1.2% over the forecast period.
The increasing demand for mid- & full-size SUVs and luxury cars has impacted the automotive seating industry. It has led to the development of seating systems with advanced features, increased capacity, customization options, and safety...
Global Electric Commercial Vehicle Market Size, Share, Trends and Industry Forecast 2030
The global Electric Commercial Vehicle market is projected to grow from USD 70.9 billion in 2024 to USD 255.6 billion by 2030, registering a CAGR of 23.8%.
ECVs aim to provide a cleaner and more sustainable alternative to traditional fossil fuel-powered commercial vehicles, thereby reducing greenhouse gas emissions, air pollution, and reliance on finite fossil fuel resources. ECVs serve to lower...
Automotive TIC Market Size, Share, Industry Trends and Global Forecast 2028
The global automotive TIC market is projected to grow from USD 17.7 billion in 2023 to USD 20.9 billion by 2028, registering a CAGR of 3.4%.
The growing demand of safer, efficient and fuel-efficient mobility alternative is expected to drive the demand for automotive TIC services around the world. For instance, the demand for TIC services for automotive components such as EV Battery, EV Motors,...
Connected Tires Market Size, Share, Industry Trends and Global Forecast 2028
The global connected tires market size is projected to grow from USD 4 million in 2023 to USD 54 million by 2028, at a CAGR of 67.1%. Growing demand for road safety, increased vehicle features are driving the demand for connected tires. With features like tire pressure monitoring, tread wear analysis, and temperature sensing, connected tires offer enhanced safety on the road. Drivers and fleet managers...
Asia Pacific Electric Three-Wheeler Market Size, Share, Trends and Industry Forecast 2028
The Asia Pacific Electric Three-Wheeler Market is projected to grow from USD 813 million in 2023 to USD 892 million by 2028, registering a CAGR of 1.9%.
Due to several factors, the electric three-wheeler market is gaining popularity in the Asia Pacific region. Firstly, electric three-wheelers are a cost-effective mode of transportation for short distances, which makes them a preferred choice for...
Automotive Fuel Cell Market Trends and Forecast by 2030
The global automotive fuel cell market size is valued at USD 0.2 billion in 2024 and is expected to reach USD 2.1 billion by 2030, at a CAGR of 48.0%. Government support toward green hydrogen technology and improving hydrogen infrastructure is expected to support the automotive fuel cell market. Furthermore, the fuel cell vehicle (FCEV) market is poised for expansion, driven by increasing demand...