Lawn Mower Market worth $33.6 billion by 2027, at a CAGR of 7.4%
The lawn mower market, by value, is projected to grow to USD 33.6 billion by 2027 from USD 23.5 billion in 2022, at a CAGR of 7.4% from 2022 to 2027. Increasing demand for lawn mowers in residential and commercial purposes accompanied with the popularity of robotic lawn mowers have contributed to the growth in demand for lawn mowers across the globe.
Robotic Lawn Mowers to be the fastest segment,...
Automotive Seat Market worth $58.4 billion by 2030, at a CAGR of 1.2%
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...
Weigh-In-Motion System Market worth $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...
Automotive Steering System Market Size worth $39.5 billion by 2027, at a CAGR of 2.3%
The Automotive Steering System Market is projected to grow from USD 35.3 billion in 2022 to USD 39.5 billion by 2027, at a CAGR of 2.3% over the forecast period.
The rapid adoption of Electric Vehicles (EVs) worldwide creates a huge demand for Electrical Power Steering (EPS) and Steer-by-Wire (SbW) steering systems. Integration of Advanced Driver Assistance Systems (ADAS) with EPS has helped OEMs...
Investment Soars in EV Industry: A Worldwide Electrification Trend
Increasing fuel prices and decreased emissions have made EVs a more attractive option in recent years. According to Global EV Outlook, EVs including BEVs & PHEVs, doubled in 2021 and reached 6.6 million units. Despite the supply chain issues and recession across Western countries, Electric cars sales rose strongly in 2022 and exceeded 10 million, ~14% of cars sold were electric. According to IEA,...
Electric Truck Market Size worth 1,067,985 Units by 2030, at a CAGR of 34.2%
The Electric truck market is estimated to be 101,499 units in 2022 and is projected to grow at a CAGR of 34.2% during the forecast period, to reach 1,067,985 units by 2030. The market for electric truck is increasing due to factors such as increase in distribution services, last mile delivery and government focus on reducing vehicle emissions.
“NMC Battery segment expected to lead to market...
Cell to Pack Battery Market: Powering a $29.3 Billion Revolution by 2030
The global cell to pack battery market is projected to grow at a CAGR of 26.9% during the forecast period, from an estimated market size of USD 5.5 billion in 2023 to USD 29.3 billion by 2030.
The cell to pack battery market growth is influenced by factors such as the increase in the electric vehicle sales equipped with high energy density, fast charging and light weight batteries. These batteries...
Solar Vehicle Market worth 107,380 Units by 2030, at a CAGR of 36.4%
Global Solar Vehicle Market is projected to grow at a CAGR of 36.4% from 8,955 units in 2022 to reach 107,380 units by 2030.
By Battery: Lithium-ion battery is the largest segment of the solar vehicle market during the forecast period
Lithium-ion battery is the most common and widely accepted by solar vehicle manufacturers globally. The battery is recognized as the best rechargeable battery...
Micro-Mobility Market Size worth USD 6.1 billion by 2027, at a CAGR of 12.5%
The micro-mobility market is estimated to grow from USD 3.4 billion in 2022 to USD 6.1 billion by 2027 at a CAGR of 12.5% over the forecast period.
Developing connected and telematics technologies, opportunities for service providers in untapped markets, and electric two-wheeler & component manufacturers entering the micro-mobility business would create growth opportunities in the micro-mobility...
Electric Construction Equipment Market worth USD 24.8 billion by 2027, at a CAGR of 22.0%
The electric construction equipment market is estimated to grow from USD 9.2 billion in 2022 to USD 24.8 billion by 2027 at a CAGR of 22.0% over the forecast period.
The increasing demand to minimize exhaust emissions, ventilation costs in underground mining and preference for the low noise construction machines in residential areas would create growth opportunities for the electric construction...