The automotive brake system market is projected to be valued at US$ 6,211.0 million in 2023 and is expected to rise to US$ 29,601.1 million by 2033. The market is expected to record a significant CAGR of 16.9% during the forecast period. The automotive brake system plays a critical role in ensuring the safety and control of vehicles on the road. It is a vital component that enables...

The global automotive airbag market is projected to have a high-paced CAGR of 4.4% during the forecast period. The current valuation of the automotive airbag market is US$ 12.2 Billion in 2023. The value of the automotive airbag market is anticipated to reach a high of US$ 35 Billion by the year 2033. The key aspects pushing the adoption of the automotive airbag are new...

The global automotive garage equipment market in 2022 was US$ 24.4 billion and is estimated to be US$ 26.8 billion in 2023. Future Market Insights has mentioned in its reports that the smart agriculture solution market is predicted to expand at a CAGR of 8.94% between 2023 and 2033, totalling around US$ 63.1 billion by 2033. One of the key trends influencing the market is the...

Over the forecast period of 2022 to 2032, the global bicycle light market is projected to grow at a CAGR of 7.1%. The market is anticipated to reach a valuation of over US$ 2,454.7 Million by 2032, opines Future Market Insights (FMI). The market for bicycle lights is set to be boosted by the increasing popularity of bicycles among people who are concerned about their health and the...

As per the reports published by FMI, the global train battery market is projected to have an average-paced CAGR of 5.0% during the forecast period. The current valuation of the market is US$ 599.1 million in 2023. The market value of the train battery market is anticipated to surpass a market valuation of US$ 975.9 million by the year 2033. A historical market valuation of US$ 567.9...

The thin insulation market size is anticipated to increase at a CAGR of 5.5% from 2023 to 2033, reaching US$ 2.3 billion by 2023. The thin insulation industry is to hit US$ 4 billion by 2033. Excellent thermal resistance and UV protection are provided by thin insulation. The thin insulation market is expanding as a result of the building and construction industry's explosive need for...

According to FMI estimations, the off-highway electric vehicle market share could be worth US$ 2.24 billion globally in 2023. Sales of off-highway electric vehicles are projected to reach a record high of US$ 8.36 billion by 2033, rising at a CAGR of 14.1% from 2023 to 2033. KEY TAKEAWAYS Off-highway electric vehicle sales in North America now make up a significant portion of global...

The global gasoline direct injection market is projected to attain a valuation of US$ 10.6 billion in 2023 and is expected to accumulate US$ 25.79 billion by 2033, rising at a CAGR of 9.2% during the forecast period. Global efforts to address deteriorating ambient air quality have led to the adoption and enforcement of stricter vehicular emission regulations worldwide. These measures...

Future Market Insights (FMI) predicts that the fire trucks market will grow by 3.6% year over year and surpass US$ 6,860.3 Million by 2027. The administrative and regulatory organisations in growing countries that have established strong norms and standards to minimise infrastructure damage and abrupt losses are major contributors to this change in growth rate, which has led to...

The electric vehicle battery market is forecast to experience a growth of 8.5% CAGR over the estimated time, as per FMI's analysis. The industry's size is predicted to reach a market value of US$ 9,402.3 million in 2023. The increasing transition toward electric vehicles (EVs) is expected to propel accelerated battery demand in leading automobile markets like the United States and...