Global Commercial Vehicle Outlook: 2025 and Beyond
The commercial vehicle sector is navigating a period of transformation, powered by advancements in alternative propulsion, digitalization, and the accelerating push for sustainable logistics. This outlook, grounded in MarketsandMarkets data, breaks down the market’s evolving trajectory, highlights high-growth technologies, and surfaces actionable...
Air Brake System Market: 2025 Update and Strategic Insights
The global air brake system market was valued at USD 3.1 billion in 2023 and is projected to reach USD 3.4 billion by 2028, growing at a CAGR of 2.2% throughout this period. This steady growth is driven by several core factors:
Increasing sales and production of commercial vehicles, especially trucks and buses
Expansion of rail networks and high-speed trains
Stringent safety...
Exhaust System Market: Growth, Technology Evolution, and Strategic Direction Through 2030
The global exhaust system market is advancing rapidly amid tightening emission regulations, growing automobile production, and the strategic push for cleaner, high-performance vehicles across key regions. Businesses operating in this sector must adapt to aggressive regulatory environments, leverage emerging technologies, and capitalize on regional growth hotspots to secure a robust competitive edge.
Executive...
Automotive Conformal Coating Market worth $3.5 billion by 2030
The automotive conformal coating market is projected to reach USD 3.5 billion by 2030, from an estimated USD 2.0 billion in 2024, at a CAGR of 10.0% during the forecast period.
Automotive manufacturers are subject to stringent industry standards and regulations aimed at ensuring vehicle safety, reliability, and performance. These standards often mandate rigorous testing and protection of electronic...
Electric 3 wheeler Market worth $1.5 billion by 2030
The Electric 3 wheeler Market is projected to grow from USD 1.3 billion in 2024 to USD 1.5 billion by 2030, registering a CAGR of 2.2%.
The electric 3 wheeler market has experienced notable growth in recent years, attributed to several factors including escalating fuel prices, government incentives, and the introduction of innovative technologies. As governmental regulations become increasingly...
Electric Bus Market Size, Share & Trends [2030]
The global electric bus market is estimated to grow from USD 17.0 billion in 2024 to USD 37.5 billion by 2030 with a CAGR of 14.2% over the forecast period.
The growth of the electric bus market is driven by countries prioritizing the electrification of their public transportation fleets through subsidies and favorable regulations, prompted by emission concerns. Governments of the UK, Hungary,...
Machine Tools Market Size, Share & Trends [2025-2032]
The machine tools market is projected to reach USD 105.11 billion by 2032, from USD 81.09 billion in 2025, with a CAGR of 3.8%. This market is largely driven by the integration of advanced technologies such as digital twin simulations, closed-loop machining, and adaptive control systems that enhance precision and reduce downtime. Modern machining centers now feature multi-axis capabilities (5-axis...
Future of Automotive industry worth 104 million units by 2030, at a CAGR of 2.4%
The automotive industry, encompassing PV, LCV, and MHCV, size is projected to grow from 88 million units in 2024 and is projected to hit 104 million units by 2030, at a CAGR of 2.4%.
The growth of the automotive industry is influenced by various factors such as adoption of electric vehicles, development and manufacturing of long-range batteries along with installation of fast and ultra-fast charging...
AVAS Market worth $1.7 billion by 2030, at a CAGR of 6.4%
The global AVAS market is projected to grow from USD 1.2 billion in 2024 to USD 1.7 billion by 2030, at a CAGR of 6.4%.
The AVAS market is driven by the increasing adoption of electric and hybrid vehicles, which are quieter than traditional internal combustion engine vehicles and require AVAS to ensure pedestrian safety. Regulatory mandates from governments and international bodies, such as the...