Press Releases from MarketsandMarkets™ INC. (914 total)
Quadricycle Market Size, Share, Trends and Forecast to 2032
The quadricycle market is projected to grow from USD 19.1 billion to USD 35.6 billion in 2032, at a CAGR of 6.4% during the forecast period. The growth of this market can be attributed to the rising geriatric population, growing traffic congestion, and high demand for safer mobility solutions.
Asia Pacific will continue to lead the quadricycle market due to high sales in the region. According to MarketsandMarkets analysis, Asia Pacific…
Electric Vehicle Charging Station Market Projected to reach 14,623 thousand unit …
The global electric vehicle charging station market size is projected to grow from 2,354 thousand units in 2022 to 14,623 thousand units by 2027, at a CAGR of 44.1%. Factors such as rising sales of EVs around the world, along with the growing demand for zero emission transport will boost the demand for the electric vehicle charging station market. Developments in technologies like portable charging stations, bi-directional charging, smart charging…
Electric Vehicle Market Outlook 2022: Opportunities & Prominent Trends by 2030
The global electric vehicle market size is projected to grow from 8,151 thousand units in 2022 to 39,208 thousand units by 2030, at a CAGR of 21.7% (2022-2030).
Growing concerns over increased pollution by the automotive industry is the prime reason government bodies are promoting zero emission vehicles over Petrol or Diesel ones. People have recognized the need for promoting zero emission vehicles to reduce the increasing pollution. To attract and…
OTR Tires Market Outlook 2022: Opportunities & Prominent Trends by 2027
The OTR tires market is projected to grow from USD 8.7 billion in 2022 to USD 11.4 billion by 2027, at a CAGR of 5.5% during the forecast period. Increasing demand of the off-highway vehicles due to growth in infrastructure development activities, higher demand of mining products and government initiatives to raise the demand for tractors has increased mechanization of tractors, are the driving factors for OTR tires market.
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EV Charging Cables Market Estimated to reach $2,453 million by 2027
The global EV charging cables market is projected to grow at a CAGR of 29.8%, to reach USD 2,453 million by 2027 from an estimated USD 665 million in 2022. The market growth is driven factors such as increasing adoption of electric vehicles worldwide, rapid growing installation of EV charging stations across the globe and increasing demand for fast charging cables would drive the growth of the market.
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Electric Van Market Projected to reach 1,082.9 thousand units by 2030
The electric van market is projected to register a CAGR of 33.6% from 2022 to 2030, reaching 1,082.9 thousand units by 2030 from 106.8 thousand units in 2022. Countries like the US, Japan, China, Germany, and the UK have a significant share of electric vans due to rising demand for environment-friendly vehicles. However, in India, South Korea, and other developing countries, electric vans are still at the initial stage of…
Electric Power Steering Market Projected to reach $33.4 billion by 2027
The global Electric Power Steering Market is estimated to be USD 24.3 billion in 2021 and is projected to grow at a CAGR of 5.4% during the forecast period to, USD 33.4 billion by 2027. The key growth drivers for the market are the increasing number of government norms and mandates related to fuel-efficient technologies, measures taken by OEMs worldwide to reduce the weight and complexity of their vehicles, and…
Automotive Differential Market Projected to reach $23.7 billion by 2027
The automotive differential market is estimated to grow from USD 20.0 billion in 2022 and reach USD 23.7 billion by 2027, at a CAGR of 3.5%. The growth of the automotive differential market includes the advanced comfort and automatic safety features premium SUVs offer and the benefits like better maneuverability, larger space, and better comfort compared with sedans, which are drawing the consumer inclination towards SUVs in developing and developed…
Forklift Market Projected to reach $84.5 billion by 2027
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. The increasing demand for forklifts offers many opportunities for rental services of these trucks, refurbished forklifts suppliers and advanced solution providers.
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Electric forklifts are gaining traction within material handling application especially at warehouses and logistics facilities…
Light Electric Vehicles (LEVs) Market Estimated to reach $122.7 billion by 2027
The global light electric vehicle market is projected to grow from USD 78.5 billion in 2022 to USD 122.7 billion by 2027, registering a CAGR of 9.4%. E-ATV/UTV, E-Bike, E-Scooter, E-motorcycle, Neighborhood Electric vehicles, E-Lawn Mowers, and Electric industrial vehicles were mapped as part of this research. Factors such as improved government push for electrification of agricultural utility vehicles, easy access to charging points, and increased user preference for zero-emission…
Automotive Lighting Market Outlook 2022: Opportunities & Prominent Trends by 203 …
The automotive light market is projected to reach USD 28.5 billion by 2027 from an estimated USD 21.9 billion in 2022 at a CAGR of 5.3% during the forecast period, driven by developments in the automotive light sector and growing LED technology adoption. For instance, in 2020, AGC Inc announced the mandates to implement automatic lights on all new vehicles, which helps to reduce the accidents due to blinding. Further,…
Electric Trucks Market Opportunities & Prominent Trends by 2030
The global Electric Trucks Market size is projected to reach 1,413,694 units by 2030 from a projected 69,597 units in 2021, at a CAGR of 39.7%. The base year for the report is 2020, and the forecast period is from 2021 to 2030. The electric truck segment has witnessed rapid evolution with governments across the world are focused on adoption of zero emission vehicles and providing incentives & subsidies on…
Mining Machinery Market Estimated to reach $36.2 billion by 2025
The global Mining Machinery Market size is projected to reach USD 36.2 billion by 2025, from an estimated value of USD 29.0 billion in 2020, at a CAGR of 4.5%. Increasing use of electric machinery in underground mining and increase in demand for metals and commodities are the driving factors are expected to boost the mining machinery market.
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The mining industry has witnessed many advancements,…
Electric Commercial Vehicle Market Foreseen to Grow Exponentially by 2030
According to a research report "Electric Commercial Vehicle Market by Propulsion, Vehicle Type, Range, Battery Type, Length of Bus, Power Output, Battery Capacity, Component, Autonomous Vehicle, End User, Truck Payload Capacity and Region - Global Forecast 2030" published by MarketsandMarkets, the global electric commercial vehicle market size is projected to grow from 353 thousand units in 2022 to 3,144 thousand units by 2030, at a CAGR of 31.4%.
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Wireless Charging Market for Electric Vehicles worth $377 million by 2027
The report "Wireless Charging Market for Electric Vehicles by Power Supply Range (3-50 KW), Application (Home & Commercial), Distribution Channel (Aftermarket & OE), Component, Charging System, Propulsion, Vehicle Type & Region - Global Forecast to 2027" The global wireless charging market for electric vehicles is projected to grow from USD 15 million in 2022 to USD 377 million by 2027, at a CAGR of 88.4%. Factors such as rising sales…
Metaverse Market for Automotive Size, Growth, Demand, Opportunities & Forecast T …
The global Metaverse Market for Automotive is projected to grow from USD 1.9 Billion in 2022 to USD 16.5 Billion by 2030, at a CAGR of 31.4%. Factors such as rising use NFTs in the virtual space, inexpensive and convenient manufacturing and testing of vehicles in the virtual space will boost the demand for the metaverse market in automotive.
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Developments in technologies like XR hardware and…
E-Bike Market Opportunities & Prominent Trends by 2026
The e-Bike market size is projected to reach USD 80.6 billion by 2027 from an estimated USD 49.7 billion in 2022, at a CAGR of 10.2% from 2022 to 2027. The market is expected to witness growth due to the development of infrastructure for e-Bike cycling paths, adoption of the micro mobility solutions, tax benefits and subsidies given by various governments to promote and create awareness about the usage of…
Electric Utility Vehicle Market Size, Growth, Demand, Opportunities & Forecast T …
The global 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%. Electric all-terrain vehicles (ATVs), utility task vehicles (UTVs), utility carts, shuttle carts, and industrial utility vehicles were mapped as part of this research. Factors such as improved government push for electrification of agricultural utility vehicles, easy access to charging points, and increased user…
Terminal Tractor Market Projected to Reach $1,042 million by 2027
According to a research report "Terminal Tractor Market by Type, Drive, Tonnage, Propulsion, Application (Airport, Marine, Oil & Gas, Warehouse & Logistics), Industry (Retail, Food & Beverages, Inland Waterways & Marine Services, Rail Logistics, RoRo) & Region - Global Forecast to 2027" published by MarketsandMarkets, the global terminal tractor market is projected to grow from USD 802 million in 2022 to USD 1,042 million by 2027, at a CAGR of…
Automotive Software Market: Opportunities and Challenges by 2027
The global Automotive Software Market size is projected to reach USD 40.1 billion by 2027 from USD 21.7 billion in 2022, at a CAGR of 13.1%. The growth of the market is driven upcoming mandates such as for regarding collision avoidance to drive market.
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Governments in European countries as well as in the United States have mandated the use of AEB in vehicles. In…
Air Suspension Market Global Trends, Share Analysis, Leading Players, Business O …
The air suspension market is projected to grow from USD 17.8 billion in 2022 to USD 21.8 billion by 2027, at a CAGR of 4.2% during the forecast period. Automotive OEMs are investing in R&D activities to introduce innovative suspension systems to enhance ride comfort. For example, in August 2020, The commercial vehicle control systems division of ZF Friedrichshafen AG in India designed air suspension with Electronically Controlled Air Suspension…
Micro-Mobility Market Witness the Growth of $6.1 billion by 2027
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. Rapid urbanization, increasing cost of vehicle ownership and increasing demand of on-demand public transportation system in smart cities drive the development of the micro-mobility market during the forecast period.
There has been significant increase in population across the globe over the years.…
Baggage Handling System Market Projected to reach $10.3 billion by 2025
The report "Baggage Handling System Market by Mode (Airport, Marine, Rail), Solution (Check-In, Screening & Load, Conveying & Sorting, Unload & Reclaim), Check-In (Assisted, Self), Conveying (Conveyor, DCV), Tracking (Barcode, RFID), Region - Global Forecast to 2025" The global baggage handling system market is projected to reach USD 10.3 billion by 2025 from USD 7.5 billion in 2020, at a CAGR of 6.6%. The growing focus on improving air connectivity…
Lawn Mower Market - Global Key Players, Trends, Industry Size & Forecast 2027
The report "Lawn Mower Market by Type (Walk-Behind, Riding & Robotic), End Use (Residential & Commercial), Propulsion Type (ICE & Electric), Battery Type (Lithium-Ion, Lead-Acid), Lawn Size (Small, Medium & Large), Autonomy and Region - Global Forecast to 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.…
Automotive Wiring Harness Market Size, Emerging Trends, Forecasts, and Analysis …
The global Automotive Wiring Harness Market is projected to grow from USD 47.0 billion in 2021 to USD 57.4 billion by 2026, at a CAGR of 4.1% during the forecast period. Increasing vehicle production, increase in demand for advanced features in vehicles, and growing penetration of electric vehicles are the major factors driving the growth of the automotive wiring harness market.
However, a projected recovery in Q1-Q2 of 2021 in vehicle…
Automotive V2X Market Projected to reach $19.5 billion by 2028
According to a research report "Automotive V2X Market by Connectivity (DSRC, and Cellular), Communication (V2V, V2I, V2P, V2G, V2C, and V2D), Vehicle Type (Passenger Cars, and Commercial Vehicles), Propulsion (ICE and EV), Unit, Offering, Technology and Region - Global Forecast to 2028" published by MarketsandMarkets, the global automotive V2X market is projected to grow from USD 2.6 billion in 2022 to USD 19.5 billion by 2028, at a CAGR of…
Autonomous Vehicle Market worth 62.4 million units by 2030
The report "Autonomous Vehicle Market by Component (Radar, LiDAR, Ultrasonic, & Camera Unit), Vehicle (Hatchback, Coupe & Sports Car, Sedan, SUV), Level of Autonomy (L1, L2, L3, L4, L5), Mobility Type, EV, and Region - Global Forecast to 2030", 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%.
The increasing adoption of ADAS & safety features, the focus…
ADAS Market Size, Growth, Demand, Opportunities & Forecast To 2027
The global ADAS market is projected to reach USD 74.9 billion by 2030, from USD 27.2 billion in 2021, at a CAGR of 11.9%. The growth of the market is driven by the growing demand for driver assistance systems and stringent safety mandates for a safer driving experience.
Upcoming safety mandates and increasing focus on sophisticated driving assistance features would spur the growth of ADAS solutions. Increasing focus on active safety…
Mobility as a Service Market worth $40.1 billion - Global Key Players, Trends, I …
The Mobility as a Service Market size is projected to reach USD 40.1 billion by 2030 from an estimated USD 3.3 billion in 2021, at a CAGR of 32.1% from 2021 to 2030. The growth of this market is influenced by factors such as increasing smart city initiatives, growing adoption of on-demand mobility services, need to reduce CO2 emissions, improved 4G/5G infrastructure, and penetration of smartphones. Therefore, the mobility as…
Driving Simulator Market Growth Factors, Opportunities, Ongoing Trends and Key P …
The global Driving Simulator Market is projected to grow at a CAGR of 7.2% from USD 1.5 billion in 2020 to USD 2.1 billion by 2025. The base year for the report is 2019, and the forecast period is from 2020 to 2025. Factors such as substantial production vehicles, increasing demand for trained pilots, significant investments in autonomous vehicles, and growing norms for road safety to drive the driving simulator…
Automotive Motors Market to Observe Healthy Growth by 2027
The global automotive motors market for ICE vehicles is projected to grow from USD 23.0 billion in 2022 to USD 28.7 billion by 2027, at a CAGR of 4.5%. Automotive companies and component manufacturers are investing significant amounts in research and testing of new uses of automotive motors. Factors such as automobile sector recovery the world, along with government regulations for safety and increasing demand for comfort equipment in automobiles…
Air Suspension Market Projected to reach $21.8 billion by 2027
According to a research report "Air Suspension Market by Component (Air Spring, Shocker, Compressor, ECU, Tank, Solenoid Valve, Height & Pressure Sensor), Technology (Electronic, Non-Electronic), Cab Suspension, Vehicle Type (ICE & Electric), Aftermarket & Region - Global Forecast to 2027" published by MarketsandMarkets, 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%.
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OTR Tires Market worth $11.0 billion by 2026
The Global OTR Tires Market is projected to grow from USD 8.7 billion in 2021 to USD 11.0 billion by 2026, at a CAGR of 5.0% during the forecast period. Increase in infrastructural development activities and growth in mining sector has created higher demand for the construction and mining equipments which is driving the demand for OTR tires from the OEMs. Also higher demand for farm mechanization and various schemes…
Connected Car Market Size, Growth, Demand, Opportunities & Forecast To 2026
The global Connected Car Market is projected to reach USD 57.6 billion by 2026, from an estimated USD 24.0 billion in 2021, at a CAGR of 19.1% from 2021 to 2026. The roll-out of various government regulations regarding mandating safety features such as e-call, navigation, collision warning systems, etc., is expected to boost the adoption of connected car services globally. The increasing sales of premium and luxury vehicles are also…
E-Bike Market Likely to Boost Future Growth by 2027
The E-Bike Market size is projected to reach USD 80.6 billion by 2027 from an estimated USD 49.7 billion in 2022, at a CAGR of 10.2% from 2022 to 2027. The market is expected to witness growth due to the development of infrastructure for e-Bike cycling paths, adoption of the micro mobility solutions, tax benefits and subsidies given by various governments to promote and create awareness about the usage of…
All-terrain Vehicle Market Growth Factors, Opportunities, Ongoing Trends and Key …
The All-terrain Vehicle Market, by value, is projected to reach USD 5.0 billion by 2027 from an estimated USD 4.3 billion in 2022, at a CAGR of 2.7% from 2022 to 2027. The market has a promising growth potential due to factors like rising applications from farm management to enhancing military mobility operations, including ease in regulatory norms for registration across different regions of world. The growth opportunity is also…
EV Battery Market Surge towards Solid Growth by 2027
The global EV battery market is projected to grow at a CAGR of 19.0% from USD 56.4 billion in 2022 to USD 134.6 billion by 2027. The market for EV batteries is being driven by factors such as rising demand for electric vehicles, advancements in battery technology, favourable government policies and regulations, and the introduction of new plug-in EV models.
The growth of the EV battery market can be attributed to…
Ride Sharing Market Value $185.1 billion by 2026 at a CAGR of 16.6%
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. Increase in urbanization, internet and smartphone penetration and increase in cost of vehicle ownership are the major factors driving the growth of the Ride Sharing Market.
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The ownership of a vehicle is cumulative of…
Rolling Stock Market Projected to reach $64.8 billion by 2027
The report "Rolling Stock Market by Component, Product Type (Locomotive, Rapid Transit, Wagon, & Coach), Locomotive Technology (Conventional, Turbocharged, & Maglev), Application (Passenger Transportation & Freight transportation) & Region - Global Forecast to 2027", size is projected to grow from USD 53.8 billion in 2022 to USD 64.8 billion by 2027, at a CAGR of 3.8%.
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The rolling stock market is expected to grow at a CAGR…
Automotive 3D Printing Market Projected to reach $7.9 billion by 2027
According to a research report "Automotive 3D Printing Market by Vehicle Type (ICE & Electric Vehicles), Offering (Hardware & Software), Component, Material (Metals, Plastics, Resin & Composites), Technology (SLA, SLS, EBM, FDM, LOM, 3DIP), Application, & Region - Global Forecast to 2027" published by MarketsandMarkets, the automotive 3D printing market is projected to grow from USD 2.9 billion in 2022 to USD 7.9 billion by 2027, at a CAGR of…
Automotive Diagnostic Scan Tools Market Size, Growth, Demand, Opportunities & Fo …
According to a research report "Automotive Diagnostic Scan Tools Market by Workshop Equipment, Vehicle, Handheld Scan Tools (Scanner, Code Reader, Digital Pressure Tester, TPMS Tool, Battery Analyzer), Offering, Connectivity (wi-Fi, Bluetooth), Type and Region - Global Forecast to 2026" published by MarketsandMarkets, the Automotive Diagnostic scan tools Market is estimated to be USD 33.1 billion in 2021 and is projected to reach a market size of USD 41.4 billion by…
Surgical Sutures Market by 2026 - Global Trends, Share Analysis, Leading Players …
The global surgical sutures market is projected to reach USD 4.9 billion by 2026, growing at a CAGR of 6.0% from 2021 to 2026.
Increasing number of surgical procedures;
According to the WHO 2016 Report, the estimated mean global surgical rate was 4,469 operations per 100,000 people per year, with road accidents and associated trauma being the major cause of surgical treatment. According to the EC Factsheet 2017, globally, there are around…
Electric Construction Equipment Market Projected to reach $24.8 billion by 2027
According to a research report "Electric Construction Equipment Market by Equipment Type, Battery Capacity, Battery Type, Power Output, Application, Propulsion, Electric Tractor Market, Electric Construction & Mining Equipment Market and Region - Global Forecast to 2027" published by MarketsandMarkets, the electric construction equipment market is estimated to grow from USD 9.2 billion in 2022 to USD 24.8 billion by 2027 at a CAGR of 22.0% over the forecast period.
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Brake System Market Projected to reach $28.1 billion by 2027
According to a research report "Brake System Market by Type (Disc, Drum), Technology (ABS, ESC, TCS, EBD), On & Off-Highway Vehicle (Passenger Car, LCV, HCV, Construction-Mining, Tractor, ATV), OHV Brake (Hydraulic Wet, Hydrostatic, Dynamic), Actuation and Region - Global Forecast to 2027" published by MarketsandMarkets, the brake system market is projected to reach USD 28.1 billion by 2027 from an estimated USD 22.2 billion in 2022, at a CAGR of…
Farm Equipment Market to Show Significant Growth in Near Future
The global Farm Equipment Market is projected to grow from USD 111.8 Billion in 2022 to USD 141.6 Billion by 2027, at a CAGR of 4.8% during the forecast period. Government support with farm loan waivers/credit finance, OEM/sales incentives to support dealer service and rental operations, increase in farm mechanization, and contract farming are the major factors driving the growth of the Farm Equipment Market.
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The plowing…
Electric Scooter and Motorcycle Market worth 6,193 thousand units by 2027
The global electric scooter market and electric motorcycle market is expected to account for 6,193 thousand units by 2027, growing at a CAGR of 33.1% during the forecast period. Factors such as favorable government policies, growing demand for energy-efficient commuting, rising concern for emission free vehicles, rising fuel prices have compelled two-wheeler OEMs to explore beyond the use of conventional internal combustion engines (ICE) in two-wheelers.
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Market…
Construction Equipment Market Trends and Forcecast by 2027
The construction equipment market size is projected to grow from USD 180.4 billion to USD 223.1 billion by 2027, at a CAGR of 4.3% for the same period. The market is expected to witness growth due to the development of public-private capital investments, increase in the number of the commercial projects, and restart of the infrastructure projects sanctioned by governments after the pandemic situation.
Browse 470 market data Tables and 72…
Train Battery Market Growth Factors, Demand, Trends and Forecast to 2030
According to a research report "Train Battery Market by Type & Technology (Lead Acid-Gel Tubular, VRLA, Conventional; Ni-Cd-Sinter, Fiber, Pocket, & Li-Ion), Advanced Train (Autonomous, Hybrid, Fully Battery-Operated), Rolling Stock Type, Application and Region - Global Forecast to 2030" published by MarketsandMarkets, the global train battery market size is projected to reach USD 758 million by 2030, from an estimated value of USD 518 million in 2022, at a CAGR…
Mining Machinery Market Analysis | Industry Size, Share, Growth and Forecast 202 …
The global Mining Machinery Market size is projected to reach USD 36.2 billion by 2025, from an estimated value of USD 29.0 billion in 2020, at a CAGR of 4.5%. Increasing use of electric machinery in underground mining and increase in demand for metals and commodities are the driving factors are expected to boost the mining machinery market.
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The mining industry has witnessed many advancements,…
Construction Equipment Market Growth Factors, Opportunities, Ongoing Trends and …
The construction equipment market is estimated to grow from USD 180.4 billion in 2022 to USD 223.1 billion by 2027, at a CAGR of 4.3% over the same period. The base year for the report is 2021, and the forecast period is from 2022 to 2027. The market would witness growth owing to driving factors such as rapid urbanization, increasing infrastructure development in emerging economies, and population and migration to…
