Press Releases from Persistent Market reserch (18 total)
Factoring Services Market to Reach $5,680 Bn by 2031 at 5.5% CAGR
The global factoring services market is projected to reach a valuation of US$5,680 billion by 2031, growing at a CAGR of 5.5% from 2024 to 2031. Key growth drivers include the increasing adoption of fintech solutions and the integration of blockchain technology, which are reshaping the landscape of financial services. Europe leads the market, accounting for 65% of the global share, with domestic factoring services holding a significant portion. The…
Passenger Car Bearing & Clutch Market Forecasts 5.2% CAGR Growth
The global passenger car bearing and clutch component aftermarket is projected to grow significantly, with an estimated increase from US$9.3 billion in 2024 to US$13.3 billion by 2031, reflecting a compound annual growth rate (CAGR) of 5.2%. This sector plays a crucial role in the automotive industry, providing essential replacement parts for aging vehicles to ensure optimal performance and safety. As vehicles age, components such as bearings and clutch systems…
Urban Air Mobility Market Grows 29.7% CAGR, Driven by Innovation
The global urban air mobility (UAM) market is projected to grow significantly, increasing from US$3.9 billion in 2023 to an estimated US$27.1 billion by 2031, achieving a remarkable CAGR of 29.7% from 2024 to 2031. Air taxis are emerging as a key trend, offering efficient urban travel, while advancements in technology and smart city initiatives are propelling UAM development. However, addressing public concerns regarding safety and noise pollution is crucial…
Used Car Market to Reach $2.7 Trillion by 2031 with 6.4% CAGR
The global used car market is projected to grow significantly, reaching an estimated valuation of US$2.7 trillion by 2031, with a CAGR of 6.4% from 2024 to 2031. Key drivers include shifting consumer preferences favoring used cars, especially hatchbacks, which account for nearly 48% of the market share. North America leads the market, contributing around 38% of global revenues. The rise in vehicle prices and the increasing average age of…
Europe Used Car Market to Reach $503.1 Bn by 2031 with 5.7% CAGR
The Europe used car market is projected to grow significantly, reaching approximately US$503.1 billion by 2031, up from US$341.3 billion in 2024, with a compound annual growth rate (CAGR) of 5.7% during this period. This market reflects diverse economic conditions and consumer preferences across the continent, driven by key players like Germany, the UK, France, Italy, and Spain. The rise of digital platforms has revolutionized the buying and selling process,…
Organic Pigments Market Projected to Grow at 5.8% CAGR by 2031
The global organic pigments market is poised for significant growth, projected to increase from US$5,059.5 million in 2024 to US$7,507.7 million by the end of 2031, representing a CAGR of 5.8% during this period. This upward trend is largely driven by heightened investments in R&D aimed at enhancing digital ink technologies, as well as the growing demand for organic pigments that ensure precise color reproduction and quick drying in digital…
Building & Construction Sealants Market to Hit $19.4 Billion by 2031
The global building & construction sealants market is projected to grow significantly, increasing from an estimated value of US$10.84 billion in 2024 to US$19.4 billion by the end of 2031, representing a CAGR of 6.71% during this forecast period. Key trends include the development of advanced sealants with enhanced durability, flexibility, and sustainability, driven by the need for infrastructure repair and renovation. The Asia Pacific region is expected to lead…
Aerospace Alloys Market Set to Grow at 6.9% CAGR, Reaching $379.4 Mn
The global aerospace high-performance alloys market is projected to grow from US$237.8 million in 2024 to US$379.4 million by 2031, representing a CAGR of 6.9%. These alloys, including titanium, nickel-based superalloys, aluminum-lithium composites, and advanced stainless steels, are crucial for modern aviation and space exploration, ensuring the reliability and durability of components under extreme conditions. North America and Europe currently dominate the market due to their advanced aerospace industries, while…
Metal Matrix Composites Market Size to Reach $498.6 Bn in 2024
The metal matrix composites (MMC) market is projected to grow significantly from an estimated US$498.6 billion in 2024 to US$744.8 billion by 2031, achieving a steady CAGR of 5.9%. This growth is largely driven by the increasing demand for lightweight materials in the aerospace and defense industries, where superior properties of MMCs, such as high strength and thermal conductivity, are highly sought after. Additionally, the rising adoption of MMCs in…
Rice Husk Ash Market Forecasted to Grow at 4.6% CAGR by 2031
The rice husk ash market is expected to reach a valuation of USD 3.2 billion by 2031, growing at a CAGR of 4.6% from 2024 to 2031. This growth is driven by the expansion of the global construction industry and the increasing demand for sustainable materials. Rice husk ash, a by-product of rice milling, is gaining traction due to its application in construction, particularly as a cement substitute in concrete,…
Packaging Adhesives Market to Reach USD 26.6 Billion by 2031 with 7.1% CAGR Grow …
The global packaging adhesives market is projected to grow from US$14.4 billion in 2024 to US$26.6 billion by 2031, achieving a CAGR of 7.1%. This growth is driven by rising demand for sustainable and eco-friendly adhesives due to strict environmental regulations. Key innovations include bio-based, solvent-free, and smart adhesives with advanced bonding capabilities. The surge in e-commerce has heightened the need for durable adhesives, while advancements in hot melt and…
Self-Heating Food Packaging Market to Reach USD 103 Billion by 2031
The global self-heating food packaging market is projected to grow from US$ 70.5 billion in 2024 to US$ 103 billion by 2031, at a CAGR of 5.4%. This growth is driven by increasing demand for convenience, on-the-go food solutions, and the rising popularity of self-heating packaging in outdoor and emergency scenarios. Innovations in eco-friendly materials, safety features, and compact, lightweight designs are enhancing the market's appeal. Additionally, the development of…
Blister Packaging Market Set for Steady Growth, Projected to Reach USD 36.9 Bill …
The blister packaging market, valued at US$23.7 billion in 2024, is expected to grow to US$36.9 billion by 2031, achieving a steady CAGR of 6.5%. The pharmaceutical industry significantly drives this growth, fueled by factors such as increasing off-patenting of drugs, improved patient adherence, and regulations promoting unit-dosing. The shift toward sustainable packaging is prompting manufacturers to use eco-friendly materials like paper, reducing reliance on non-degradable plastics. Technological advancements and…
Electric Two-Wheelers Market Set to Surge to USD 58.66 Billion by 2032
Overview of the Electric Two-Wheelers Market
The global electric two wheelers market, valued at US$19.66 billion in 2022, is projected to grow at a robust CAGR of 11.6%, reaching US$58.66 billion by 2032. Electric bicycles currently dominate the market, accounting for over 67% of sales, while electric two wheelers make up 7.3% of the overall two wheeler market. From 2017 to 2021, the market experienced a CAGR of 9.9%, hindered by…
Passenger Car Accessories Market Projected to Expand at a 5.5% CAGR
The global passenger car accessories market is valued at US$487.7 billion and is projected to grow at a steady CAGR of 5.5%, reaching US$829.2 billion by 2032. Europe is expected to capture a significant share of 39.2% due to advancements in technology and high demand for music accessories and LCDs. From 2017 to 2021, the market experienced a modest growth rate of around 1%, but increased investments in vehicle safety…
Automotive Collision Repair Services Market Set to Reach $230.4 Billion by 2033
The automotive collision repair services market is experiencing remarkable growth, driven by the increasing number of vehicles on the road and the rising incidence of accidents. With a projected market size reaching $230.4 billion by 2033, various factors contribute to this significant upward trend. This article will explore the key drivers, challenges, market segmentation, regional insights, and emerging trends within this vital industry.
Growing Demand for Collision Repair Services
As the global…
Luxury Vehicles Market Set to Reach US$500 Billion by 2031, Driven by a 5.2% CAG …
The global luxury vehicle market is poised for remarkable growth, projected to reach a staggering US$500 billion by 2031. This surge is attributed to the market's impressive compound annual growth rate (CAGR) of 5.2% between 2024 and 2031. With rising consumer disposable income, a growing desire for high-end automobiles, and a rapid advancement in technology, the luxury vehicle industry is riding the wave of success. In this article, we'll explore…
Pipe Coating Market to Grow at 4.8% CAGR Through 2031
The global pipe coating market is projected to reach a value of US$9.1 billion by 2024, growing at a CAGR of 4.8% to reach US$12.6 billion by 2031. The market is driven by industries seeking durable coatings for corrosion prevention and pipeline longevity, with a growing preference for sustainable and eco-friendly solutions. Investments in energy infrastructure, urbanization, and technological advancements, such as IoT-enabled monitoring systems, contribute to the market's growth.…
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