Wireless Charging Market for Electric Vehicles Size Worth $1279 Million by 2030, at a CAGR of 48.4%
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 3D Printing Market worth $7.9 billion by 2027, at a CAGR of 21.7%
The automotive 3D printing market is projected to grow from USD 2.9 billion in 2022 to USD 7.9 billion by 2027, at a CAGR of 21.7%. The increasing demand for Connected, Autonomous, Shared, Electric (CASE) vehicles, need for low-cost manufacturing, low-volume parts production, complex structured components, and critical engine components that are difficult to produce with conventional manufacturing...
Hybrid Train Market worth 446 Units by 2030, at a CAGR of 1.1%
The global hybrid train market is projected to grow from 412 units in 2023 to 446 units by 2030, registering a CAGR of 1.1%.
The demand for hybrid trains is surging worldwide, driven by a convergence of critical factors. In an era characterized by increasing urbanization, heightened environmental consciousness, and a growing emphasis on energy efficiency, hybrid trains have emerged as a transformative...
Automotive Pumps Market Projected to Reach $18.0 Billion by 2027
The global automotive pumps market is projected to grow at a CAGR of 4.1% during the forecast period, to reach USD 18.0 billion by 2027 from an estimated USD 14.8 billion in 2022. Automotive pumps perform different functions including raising, compressing, or transferring fluids by mechanical action and facilitate circulation of fluids around a system for a vehicle’s operational performance.
By...
Autonomous / Self-Driving Cars Market Size Worth $62.4 Million by 2030, at a CAGR of 13.3%
The Autonomous / Self-Driving Cars Market size is projected to grow from 20.3 million units in 2021 to 62.4 million units by 2030, at a CAGR of 13.3%.
The increasing adoption of ADAS & safety features, the focus of governments to enhance vehicle and pedestrian safety, initiatives by OEMs to provide advanced safety features, and the advent of new age technologies will surge the demand for autonomous...
Electric Powertrain Market Size Worth $230.5 Billion by 2030, at a CAGR of 13.2%
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...
Asia Pacific Electric Three-Wheeler Market worth $892 million by 2028, at a CAGR of 1.9%
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 Suspension Market Trends and Projections for $51.6 Billion Revenue by 2027
The global automotive suspension market size was valued at USD 45.3 billion in 2022 and is expected to reach USD 51.6 billion by 2027, at a CAGR of 2.6% during the forecast period 2022-2027. The demand for automotive suspension is driven by the increase in demand for vehicle comfort and safety and the increasing adoption of air suspension systems in HCVs.
Active suspension – the fastest growing...
Car Care Products Market worth $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...
Automotive Engineering Service Market worth USD 243.9 billion by 2028, at a CAGR of 8.1%
The automotive engineering service market is projected to grow from 153.2 billion in 2022 to 243.9 billion by 2028, registering a CAGR of 8.1%.
The growing demand of zero-emission vehicles, advancements in technologies such as ADAS, battery management, connectivity, among others, and rising commercial transport are expected to increase the demand for automotive engineering services around the world....