Electric Truck Market Size, Share, Analysis, Growth, Report 2030
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...
EV Platform Market Size, Share, Growth, Demand 2030
The EV platform market is estimated to grow from USD 9.0 billion in 2022 to USD 68.0 billion by 2030 at a CAGR of 28.7% over the forecast period.
Preference for high-voltage and long-distance range EVs , high demand for solid-state batteries in EVs, growing demand for end-to-end software-defined vehicles , and development of lightweight EVs would create growth opportunities in the EV platform industry.
BYD,...
SUV Market Size, Share, Trends, Opportunities, Scope & Forecast 2027
The SUV market is projected to grow at a CAGR of 6.6% during the forecast period, from an estimated USD 885.8 billion in 2022 to USD 1,221.7 billion by 2027, at a CAGR of 6.6%. The growth of the SUV market.
Rising consumer inclination toward comfort and automatic safety features, other benefits such as higher ground clearance, commanding driver seating position, robustness, and off-road driving...
Solar Vehicle Market Size, Share, Growth & Trends 2030
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...
Air Suspension Market Size, Share, Trends, Outlook 2027
The Air Suspension market is projected to reach USD 21.8 billion by 2027 from USD 17.8 billion in 2022, at a CAGR of 4.2%.
The trucks segment would be the largest market in the air suspension market
The trucks air suspension shock absorbers help to absorb road force, maintain the wheel oscillation and reduce vibrations and hence, cause less damage to goods. Due to this, the demand for truck...
Automotive Valves Market Size, Share, Growth & Forecast 2027
The global automotive valves market is projected to grow at a CAGR of 2.3% from 2022 to 2027, to reach a market size of USD 28.2 billion by 2027. The key driving factors behind the growth of automotive valves market are rise in sales of vehicles, demand for HVAC systems, growing emission regulations and increasing adoption of electric vehicle.
Asia-Pacific: Largest market for automotive valves
The...
Fuel Cell Powertrain Market Size, Share, Growth, Report 2027
The global fuel cell powertrain market size is projected to grow from USD 512 million in 2020 to USD 3,629 million by 2027, at a CAGR of 47.9%. Asia Oceania is projected to be the largest market by 2027, followed by North America and Europe Increasing developments and investments, along with the push to popularize fuel cell vehicles, will boost the Asia Oceania fuel cell powertrain market. In countries...
EV Test Equipment Market Size, Share, Trends, Report 2027
The global EV Test Equipment Market size is projected to grow from USD 79 million in 2022 to reach USD 242 million by 2027, at a CAGR of 25.2%.
The increasing demand for alternative fuel vehicles has increased the growth of the market for electric vehicles. To reduce crude oil consumption, automotive emissions, and air pollution, governments around the world have adopted and implemented favourable...
Automotive Fuel Cell Market Set to Reach 724 Thousand Units by 2030
The global automotive fuel cell market is projected to grow from 25 thousand units in 2022 to 724 thousand units by 2030, registering a CAGR of 52.4%. Fuel cell operated vehicles such as buses, LCVs, passenger cars, and trucks, were mapped as part of this research. Factors such as increased demand for zero-emission vehicles and strong government support have caused leading original equipment manufacturers...
Electric Power Steering Market Size, Share & Forecast 2027
The Electric Power Steering Market is projected to grow at a CAGR of 5.4% from 2021 to 2027, to reach a market size of USD 33.4 billion by 2027 from USD 24.3 billion in 2021. The major factors driving the growth of the electric power steering market are stringent automotive safety and security norms introduced by the government, rising preference of vehicle electrification among OEMs and Tier...