Press Releases from MarketsandMarkets™ Research Private Ltd (174 total)
Industrial Vehicles Market worth USD 64.3 billion by 2030
The global industrial vehicles market size is projected to grow from USD 49.2 billion in 2024 to USD 64.3 billion by 2030, at a CAGR of 4.6%. Government investments in infrastructure development projects are fuelling the growth of the industrial vehicles market on a global scale. Initiatives aimed at modernizing transportation networks, constructing new warehouses, and enhancing logistics capabilities require a robust fleet of industrial vehicles for efficient material handling…
EV Platform Market Size, Share, Industry Trends and Global Forecast 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.
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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.
Utility vehicles…
Integrated Vehicle Health Management Market Size worth USD 28.0 billion by 2027
The integrated vehicle health management market is projected to grow at a CAGR of 12.0% during the forecast period, to reach USD 28.0 billion by 2027 from an estimated USD 11.3 billion in 2019.
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Diagnostics segment, by health management type, is estimated to hold the largest market share during the forecast period.
The diagnostics segment of the integrated vehicle health management market is estimated to be the…
Global Lawn Mower Market Size, Share, Trends and Industry Forecast 2027
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.
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Robotic Lawn Mowers to…
Global Electric Light Commercial Vehicle Market Size, Share, Trends and Industry …
The global electric light commercial vehicle market size is projected to grow from 333.6 thousand units in 2022 to 3,919.3 thousand units by 2030, at a CAGR of 36.1%.
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Factors such as rising demand for zero-emissions commuting and government support for low-emission vehicles through subsidies and tax breaks have resulted in automakers embracing EVs and the expansion of the electric light commercial vehicle market. Government bodies…
Global Automotive Steering System Market Size, Share, Growth, Trends and Forecas …
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.
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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 to introduce…
Electric Powertrain Market Size, Share, Industry Trends and Global Forecast 2030
The electric powertrain market is projected to reach USD 230.5 billion by 2030 from USD 96.7 billion in 2023, at a CAGR of 13.2% from 2023 to 2030.
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The electric powertrain market is driven by growing demand for electric vehicles which in turn is influenced by factors such as growing stringency in emission norms and government support in terms of tax exemptions & subsidies to promote…
Global SUV Market Size, Share, Trends and Industry 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%.
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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 capabilities are projected to drive the…
Global Electric Utility Vehicle Market Size, Share, Industry Trends and Forecast …
The electric utility vehicle market is projected to grow from USD 18.9 billion in 2022 to USD 23.9 billion by 2027, registering a CAGR of 4.8%.
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The growing electrification of utility vehicles, increased charging density, flourishing logistics & warehousing industry, and rising commercial transport are expected to increase the demand for electric utility vehicles. Electric all-terrain vehicles (ATVs), utility task vehicles (UTVs), utility carts, shuttle carts,…
Global Ride Sharing Market Size, Share, Industry Trends and Forecast 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.
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Increasing the daily commute of passengers for short-distance city travel, constantly increasing fuel prices, deteriorating public transport services, and growing day-to-day traffic jams in urban cities are prompting the growth of the ride-sharing market. Various…
Global Robotaxi Market Size, Share, Trends and Industry Forecast 2030
The global robotaxi market, by value, is estimated to be USD 0.4 billion in 2023 and is projected to reach USD 45.7 billion by 2030, at a CAGR of 91.8% from 2023 to 2030.
The growth of the robotaxi market is influenced by the rising demand for ride-hailing services, high R&D investments, and government focus on reducing emissions, infrastructure development, and growth of the electrification of vehicles.
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Electric Tractor Market Size Worth USD 3.4 Billion by 2030
The global electric tractor market is estimated to grow from USD 0.7 billion in 2024 to USD 3.4 billion by 2030, at a CAGR of 28.3%.
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Growing stringency in emission norms and advancements in overall battery technology are primarily driving the developments in electric tractors. Electric tractors offer reduced carbon emissions and lower operational costs, making them attractive options. The electrification of tractors has challenges such…
Global Autonomous / Self-Driving Cars Market Size, Share, Trends, Industry and F …
The Autonomous / Self-Driving Cars Market size is projected to grow from 20.3 million units in 2021 to 62.4 million units by 2030, at a CAGR of 13.3%.
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The increasing adoption of ADAS & safety features, the focus of governments to enhance vehicle and pedestrian safety, initiatives by OEMs to provide advanced safety features, and the advent of new age technologies will surge the demand for…
Autonomous Forklift Market Size, Share, Industry Trends and Global Forecast 2028
The autonomous forklift market size is projected to grow from USD 4.6 billion in 2023 to USD 8.8 billion by 2028, at a CAGR of 13.8% from 2023 to 2028.
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The growth of the autonomous forklift market is influenced by factors such as rising complexities for product handling, rising need for smart logistics, good return on investment, better space utilization, and growing consumerism through online platforms.…
Global All-terrain Vehicle Market Size, Share, Trends, Industry Report and Forec …
The global all-terrain vehicle market size is projected to grow from USD 3.2 billion in 2023 to USD 3.7 billion by 2028 at a CAGR of 3.0%, from 2023 to 2028.
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The all-terrain vehicle (ATV) market is experiencing growth due to the rising demand across various sectors such as agriculture, military and defense, and recreation. Additionally, an increase in recreation and outdoor activities, utility, sports, and…
Global Wireless Charging Market for Electric Vehicles Size, Share, Trends, Indus …
The global wireless charging market for electric vehicles size is projected to grow from USD 80 million in 2023 to USD 1279 million by 2030, at a CAGR of 48.4%. The rise in focus towards e-mobility paired with increased infrastructure development for EVs charging are expected to increase the demand for wireless EV charging solutions. Also, the strong government support for emission free electric vehicle and advancements in electric vehicle…
Automotive Telematics Market Size Worth USD 16.1 Billion by 2030
The Automotive Telematics Market is projected to grow from an estimated USD 9.0 billion in 2024 to reach USD 16.1 billion by 2030 at a CAGR of 10.1% during the forecast period.
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Automotive manufacturers are highly focused on collaborating with telematic suppliers to integrate their services into their new models to increase drivers' and on-road safety. Several automakers offer e-SIM card facilities in their top-end variants,…
Electric Commercial Vehicle Market is Projected to Reach USD 255.6 Billion by 20 …
The global Electric Commercial Vehicle market is projected to grow from USD 70.9 billion in 2024 to USD 255.6 billion by 2030, registering a CAGR of 23.8%.
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ECVs aim to provide a cleaner and more sustainable alternative to traditional fossil fuel-powered commercial vehicles, thereby reducing greenhouse gas emissions, air pollution, and reliance on finite fossil fuel resources. ECVs serve to lower the overall operational costs for…
V2X Cybersecurity Market Size worth USD 778 million by 2030, at a CAGR of 51.3%
The global V2X cybersecurity market is projected to grow from USD 43 million in 2023 to USD 778 million by 2030, at a CAGR of 51.3%.
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The advancement in connected car technology and the expansion of the automotive V2X market are key drivers contributing to the revenue growth in the V2X cybersecurity market. Furthermore, the increasing prevalence of cyber-attacks on a global scale, coupled with the…
Racing Simulator Market worth USD 1.1 billion by 2030, at a CAGR of 15.6%
The racing simulator market is projected to grow from USD 0.5 billion in 2024 to USD 1.1 billion by 2030 at a CAGR of 15.6% during the forecast period.
The growth of the racing simulator market is mainly driven by the rising e-sports tournaments and leagues, inclination towards professional motor racing events, constant advancement in simulation technology, rising affordability, and easy accessibility. Further, the inclusion of virtual reality & AI technology…
Forklift Market Size Worth USD 84.5 Billion by 2027, at a CAGR of 7.5%
The forklift market size is projected to grow from USD 58.9 billion in 2022 to USD 84.5 billion by 2027, at a CAGR of 7.5% for the same period.
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The market is expected to witness growth due to major factors such as rising demand for sustainable intralogistics, rapid growth in the e-commerce and warehousing sector, and increasing demand for lean & automated warehouses to increase operational…
Electric Truck Market Size, Share, Growth, Trends and Forecast 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.
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Rising demand for electric trucks in logistics…
Conveyor System Market Size, Share, Trends, Industry Report & Global Forecast 20 …
The global conveyor system market size is projected to reach USD 12.7 billion by 2027, from an estimated value of USD 9.4 billion in 2022, at a CAGR of 6.0%. Higher adoption of automation processes in various end-use industries and rising demand for handling larger volumes of goods are the driving factors that are expected to boost the conveyor system market. The constant R&D efforts by conveyor system manufacturers to…
Automotive Interior Market Size, Share, Global Trends & Industry Forecast 2028
The global automotive interior market, by value, is estimated to be USD 157.4 billion in 2023 and is projected to reach USD 194.8 billion by 2028, at a CAGR of 4.4% from 2023 to 2028.
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The growth of the automotive interior market is influenced by various factors such as Increasing customer preference for convenience, premium features, and advanced safety features, Integration of smartphone connectivity, Use of…
Rolling Stock Market Size, Share, Returns, Global Trends & Industry Forecast 202 …
The global rolling stock market, by value, is estimated to be 54.6 USD billion in 2023 and is projected to reach 65.6 USD billion by 2028, at a CAGR of 3.8% from 2023 to 2028.
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The market for rolling stock is expected to rise as a result of reasons including, the adoption of emissions-free transportation, and advantageous government policies including subsidies, rise in railway electrification.
Smart transportation…
Automotive Ethernet Market Size worth $5.5 billion by 2028, at a CAGR of 19.7%
The global Automotive ethernet market size is projected to grow from USD 2.2 billion in 2023 to USD 5.5 billion by 2028, at a CAGR of 19.7%. The increasing demand for faster in-vehicle networking is expected to increase the demand for automotive ethernet. Additionally, continuous innovation in connected car features will boost the demand for automotive ethernet.
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Network segment is expected to have largest share in…
Automotive Lighting Market Size, Share, Trends, Industry & Global Forecast 2030
The Automotive Lighting Market is projected to grow from an estimated USD 22.5 billion in 2023 to reach USD 30.4 billion by 2030 at a CAGR of 4.4% during the forecast period.
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Automotive manufacturers are highly focused on developing new and innovative lighting to increase the driver's and other road users' aesthetic appeal and safety. Automotive lighting is an integral part of every vehicle and significantly…
EV Connector Market Size, Share, Trends, Growth, Forecast 2030
The global EV connector market is projected to grow from USD 2.0 billion in 2023 to USD 10.9 billion by 2030, registering a CAGR of 27.1%.
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EV connectors for high-voltage systems and need of miniaturization, weight reduction, and high-performance materials, and a surge in data transmission and complex systems for ADAS, battery management, vehicle lighting and autonomous driving, demanding high-bandwidth and low-latency EV connectors. Electric vehicles…
Electric Construction Equipment Market Size worth $44.8 billion by 2030, at a CA …
The global electric construction equipment market is projected to grow from USD 10.2 billion in 2023 to USD 44.8 billion by 2030, at a CAGR of 23.6% from 2023 to 2030
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The market is driven by factors such as - increasing demand to minimize exhaust emissions, operational benefits such as decreased ventilation costs in underground mining & lower operating costs of electric equipment, and growing regulations…
Automotive Market Outlook, Size, Share, Trends, Forecast 2024
The Global Automotive market will have a global passenger vehicles and commercial vehicles combined sales of 92 million units in 2023 and is projected to 95 million units in 2024, witnessing a YoY growth of 3.1% from 2023 to 2024.
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The growth of the automotive market is influenced by various factors such as adoption of electric vehicles, development and manufacturing of long-range batteries along with installation…
Hybrid Train Market Size worth 446 Units by 2030, at a CAGR of 1.1%
The global hybrid train market is projected to grow from 412 units in 2023 to 446 units by 2030, registering a CAGR of 1.1%.
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The demand for hybrid trains is surging worldwide, driven by a convergence of critical factors. In an era characterized by increasing urbanization, heightened environmental consciousness, and a growing emphasis on energy efficiency, hybrid trains have emerged as a transformative solution for the…
Air Suspension Market Size worth $21.8 billion by 2027, at a CAGR of 4.2%
The Air Suspension Market Size is projected to reach USD 21.8 billion by 2027 from USD 17.8 billion in 2022, at a CAGR of 4.2%.
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Electric & hybrid buses would lead the market demand for air suspension systems
Stringent emission & fuel efficiency regulations and stiff competition have compelled OEMs to make fuel-efficient and clean energy vehicles. Electrification and hybridization are ways to meet fuel efficiency standards…
India Connected Car Market Size worth $32.5 billion by 2025, at a CAGR 22.2%
The India connected car market size is estimated to be USD 9.8 billion in 2019 and is projected to reach USD 32.5 billion by 2025, at a compound annual growth rate (CAGR) of 22.2% during the forecast period. Increase in government mandates supporting connected technology in vehicles and emergence of startups for developing and providing connected car features are the key drivers for the connected car market in India.
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Vehicle Electrification Market Size worth $129.6 billion by 2025, at a CAGR of 1 …
The Vehicle Electrification Market is projected to grow at a CAGR of 11.9% to reach USD 129.6 billion by 2025 from USD 73.7 billion Owing to various benefits offered by electrification such as decreased vehicle weight, lower emissions, increased fuel efficiency, improved driving comfort, and safety among, vehicle electrification would be a preferred option by OEMs in the near future.
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"Passenger car is estimated to be…
Automotive Green Tires Market Size worth $15.8 billion by 2028, at a CAGR of 6.5 …
The global automotive green tires market size is projected to grow from USD 11.5 billion in 2023 to USD 15.8 billion by 2028, at a CAGR of 6.5%. The high demand for low rolling resistance tires is one of the key factors driving the growth of the green tires market. Low rolling resistance tires are designed to reduce the amount of energy required for a tire to roll, which can…
EV Test Equipment Market Size worth $242 million by 2027, at a CAGR of 25.2%
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 policies which promote the use of…
Electric Vehicle Plastics Market worth $12.6 billion by 2027, at a CAGR of 27.9%
The Electric Vehicle Plastics market is projected to grow from USD 3.7 billion in 2022 to USD 12.6 billion by 2027, at a CAGR of 27.9% over the forecast period.
Race to reduce overall vehicle weight to increase driving range, reduce emissions in hybrid vehicles, and increase demand for superior quality vehicle interiors driving the plastics market in electric vehicles.
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Polyurethanes and Polypropylene would hold significant market…
Automotive Digital Cockpit Market worth $35.9 billion by 2025, at a CAGR of 13.5 …
The automotive digital cockpit market is projected to grow at a CAGR of 13.59% during the forecast period, to reach USD 35.9 billion by 2025 from an estimated USD 14.7 billion in 2018. The demand for convenience and comfort features in automobiles has grown steadily. Growing consumer awareness and demand for personalized user experience are expected to drive the growth of the automotive digital cockpit market.
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Semi-Autonomous & Autonomous Truck Market Size, Share, Growth & Forecast 2030
The global semi-autonomous truck market size is projected to grow from 948 thousand units in 2020 to reach 3,254 thousand units by 2025, at a CAGR of 28.0%The global autonomous truck market size is projected to grow from USD 460 million in 2024 to reach USD 1,550 million by 2030, at a CAGR of 22.4%.
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The growth of the semi-autonomous truck market can be attributed to…
Sensor Market for Automated Vehicles Size worth $19.1 billion by 2030, at a CAGR …
The sensor market for automated vehicles is projected to grow from USD 0.4 billion in 2022 to USD 19.1 billion by 2030, registering a CAGR of 62.6%.
The growing demand of safer, efficient and fuel-efficient vehicles are expected to increase the demand for automated vehicles around the world. With this, the demand for sensors for automated vehicles such as cameras, radar sensors, lidar sensors, among others, is expected to increase rapidly.
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Electric Commercial Vehicle Market Size Worth 2,155.1 thousand units by 2030, at …
The global electric commercial vehicle market size is projected to grow from 519.4 thousand units in 2023 to 2,155.1 thousand units by 2030, at a CAGR of 22.5%.
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Factors such as growing demand zero emissions commuting and governments supporting low emission vehicles through subsidies & tax rebates has resulted in automakers adopting to EV's and growth of electric commercial vehicle market. Rising concerns over increased pollution…
Wireless Charging Market for Electric Vehicles Size Worth $1279 million by 2030, …
The global wireless charging market for electric vehicles size is projected to grow from USD 80 million in 2023 to USD 1279 million by 2030, at a CAGR of 48.4%. The rise in focus towards e-mobility paired with increased infrastructure development for EVs charging are expected to increase the demand for wireless EV charging solutions. Also, the strong government support for emission free electric vehicle and advancements in electric vehicle…
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.
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Rising demand for electric trucks in logistics and…
Sensor Fusion Market for Automotive Worth $3.3 Billion by 2030, Registering a CA …
The global Sensor fusion market for automotive is projected to grow from USD 0.3 billion in 2023 to USD 3.3 billion by 2030, registering a CAGR of 42.4%.
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The sensor fusion market for automotive is experiencing a remarkable surge in growth, revolutionizing the global automotive industry. Integrating sensors, data, and artificial intelligence has transformed how cars perceive and interact with the environment. This technology is instrumental in…
Vehicles for Disabled Market Size Worth $6.3 Billion by 2027, at a CAGR of 11.7%
The global vehicle for disabled market is projected to grow from USD 2.6 billion in 2019 to reach USD 6.3 billion by 2027, at a CAGR of 11.7%.
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The growth of vehicles for disabled market is influenced by factors such as the growing population of disabled people, aging population of baby boomers, increasing awareness for mobility solutions provided to disabled people, and government-supported schemes & funding. Technological…
Micro-Mobility Market Size Worth $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 industry.
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The human-powered micro-mobility type would hold the largest market share.
The…
Automotive Lighting Market Size Worth $28.5 Billion in 2027, at a CAGR of 5.3%
The automotive lighting market is estimated to be USD 21.9 billion in 2022 to USD 28.5 billion in 2027, at a CAGR of 5.3%. Growing vehicle production coupled with government regulations mandating adaptive lighting for enhanced safety and comfort is expected to boost the automotive lighting market. The rising demand for premium vehicles is expected to drive the growth of advanced lighting systems.
Content Source @ https://www.marketsandmarkets.com/Market-Reports/automotive-lighting-market-1133.html
The passenger Car segment…
Autonomous / Self-Driving Cars Market Size Worth USD 62.4 Million by 2030
The autonomous / self-driving cars market size was valued at USD 20.3 Million in 2021, and it is expected to reach USD 62.4 Million by 2030, at a CAGR of 13.3% during the forecast period 2021-2030.
The increasing adoption of ADAS & safety features, the focus of governments to enhance vehicle and pedestrian safety, initiatives by OEMs to provide advanced safety features, and the advent of new age technologies will…
Automotive Interior Market Size Worth USD 194.8 Billion by 2028, at a CAGR of 4. …
The global automotive interior market, by value, is estimated to be USD 157.4 billion in 2023 and is projected to reach USD 194.8 billion by 2028, at a CAGR of 4.4% from 2023 to 2028.
The growth of the automotive interior market is influenced by various factors such as Increasing customer preference for convenience, premium features, and advanced safety features, Integration of smartphone connectivity, Use of variety of lightweight & advanced…
Electric Light Commercial Vehicle Market worth 3,919.3 thousand units by 2030, a …
The global electric light commercial vehicle market size is projected to grow from 333.6 thousand units in 2022 to 3,919.3 thousand units by 2030, at a CAGR of 36.1%.
Factors such as rising demand for zero-emissions commuting and government support for low-emission vehicles through subsidies and tax breaks have resulted in automakers embracing EVs and the expansion of the electric light commercial vehicle market. Government bodies are supporting zero emission vehicles…
