Construction & Heavy Equipment Telematics Market Size and Share Forecast 2026
The global construction & heavy equipment telematics market size is projected to reach USD 1,498 million by 2026, from an estimated value of USD 676 million in 2021, at a CAGR of 17.2%. Increase in demand for telematics solutions in off-highway equipment and government mandates on safety and security of off-highway equipment are the driving factors that are expected to boost the construction and...
Ride Sharing Market Size, Share, Industry Analysis, Growth 2026
The global ride sharing market is projected to grow at a CAGR of 16.6% during the forecast period, from an estimated USD 85.8 billion in 2021 to USD 185.1 billion by 2026. Increase in urbanization, internet and smartphone penetration and increase in cost of vehicle ownership are the major factors driving the growth of the ride sharing market.
The ownership of a vehicle is cumulative of multiple...
Electronic Logging Device Market Size, Share, Industry Trends and Forecast 2025
The Electronic Logging Device Market is estimated to be USD 12.5 billion in 2018 and is projected to reach USD 16.6 billion by 2025, at a CAGR of 4.13%.The market for electronic logging devices will be significantly impacted by the growing demand for operational efficiency in fleet-owning businesses. Additionally, it is anticipated that both current and future mandates pertaining to electronic logging...
Mining Machinery Market Set to reach $32.8 billion by 2030
The mining machinery market is projected to grow from USD 24.8 billion in 2023 to USD 32.8 billion by 2030, at a CAGR of 4.1%. The mining machinery market is being propelled by a range of factors driving widespread adoption at the global level. The rise in the extraction of minerals, metals, and coal from mines is majorly contributing to the growth of the mining machinery market. Apart from this,...
Torque Vectoring Market Size, Share, Trends, Analysis 2025
The torque vectoring market for automotive is primarily driven by the increased demand for luxury and performance vehicles (including SUVs, crossovers, and off-highway vehicles). The torque vectoring market for automotive is projected to grow at a CAGR of 20.01% from 2018 to 2025. From a market size of USD 5.22 billion in 2018, it is projected to reach a market size of USD 18.70 billion by 2025.
AWD/4WD...
Automotive Power Distribution Block Market Size, Trends & Forecast 2025
The automotive power distribution block market is projected to grow at a CAGR of 4.15%, from USD 6.47 billion in 2018 to USD 8.60 billion by 2025.
The demand for sophisticated cockpit electronics and advanced telematics, along with the addition of fundamental safety features like ABS, anti-lock brakes, tire pressure monitoring systems, and electronic stability programs, are anticipated to propel...
Passenger Car Seat Market worth $46.1 billion by 2030
the passenger car seat market is estimated to grow from USD 42.5 billion in 2023 to USD 46.1 billion by 2030 at a CAGR of 1.1% over the forecast period.
The growth in the passenger car seat market is driven by increased vehicle sales worldwide, especially due to increased demand for full-size SUVs requiring seven seats. According to the MarketsandMarkets report, the need for full-sized SUVs...
Connected Car Market Surge to reach $56.3 billion by 2026
The global connected car market is projected to reach USD 57.6 billion by 2026, from an estimated USD 24.0 billion in 2021, at a CAGR of 19.1% from 2021 to 2026. The roll-out of various government regulations regarding mandating safety features such as e-call, navigation, collision warning systems, etc., is expected to boost the adoption of connected car services globally. The increasing sales of...
Automotive Air Purifier Market Size, Share, Growth, Trends & Forecast 2025
The automotive air purifier market is estimated to be USD 792.7 million in 2018 and is projected to reach a market size of USD 2,286.9 million by 2025, growing at a CAGR of 16.34% during the forecast period. The market is influenced by things like rising public awareness of healthcare issues, the consequences of air pollution on the environment, and the quickening of urbanization and industrialisation.
The...
Automotive Gearbox Market Size, Share, Analysis & Forecast 2025
The automotive gearbox market is projected to grow at a CAGR of 4.24% from USD 103.55 Billion in 2018 to USD 138.52 Billion by 2025
Because of growing consumer demand for a better driving experience and seamless gear changes, the market for automobile gearboxes is growing. Another element influencing the increase is the rise in demand for automatic and automated manual transmission cars in developing...