Automotive Blog

    The global   automotive timing chain & belt market size   is predicted to register a CAGR of 4.5% over the forecast period, according to FMI's analysis. The industry's value is anticipated to increase from US$ 8.6 billion in 2023 to US$ 13.2 billion by 2033 end. Key Takeaways from the Automotive Timing Chain & Belt Market:  China is projected to assume a high speed of market growth in the next ten years. The country is expected to register a 6.1% CAGR from 2023 to 2033 to attain US$ 4.3 billion by 2033. The United Kingdom automotive chain & belt market is slated to achieve market revenue of US$ 229.8 million by 2033. The industry is likely to exhibit a CAGR of 2.6% over the forecast period. Increasing research and innovations in the market are projected to boost market development in the country. The United States market is pegged to attain market revenue of US$ 1.5 billion by 2033. Over the course of the next ten years, the market is projected t...

  ESOMAR-certified consulting firm Future Market Insights’ report, projects the global  Off-Highway Vehicle (OHV) Telematics Market Size  to record growth at 15% CAGR over the forecast period of 2022 and 2032. Key Takeaways from FMI’s OHV Telematics Market Study By end-use application type, construction segment will emerge as primary OHV telematics end-user, accounting for  64.4%  market share. In terms of sales channel, original equipment manufacturers are the most preferred over the aftermarket service providers, exhibiting growth at over  11.4% CAGR In terms of technology type, cellular technology will cement its dominance during the forecast period, expanding at  11% CAGR The U.S. will emerge as the leading market across North America backed by the high demand within the construction industry Japan and South Korea will collectively account for over  6%  of global market share over the forecast period Germany and the U.K. are ant...

  The global   automotive brake system market demand   is expected to reach a valuation of US$ 29,548.6 Mn in 2032, with sales growing at a stellar CAGR of 16.9% from 2022 to 2032. Scaling up from an estimated value of US$ 6,113.2 Mn in 2022, the target market is likely propelled by the surge in consumer demand and the heightened spending on automobiles. Key Takeaways: Low awareness and price volatility of the raw materials may impede the market growth. Increasing traffic accidents stimulate the market growth during 2022-2032. The automotive brake system market in Europe will account for 29.7% of the market share. North America’s automotive brake system market holds 24.8% share of the global market. Competitive Landscape  TRW Automotive Holdings Corp., Aisin-Seiki Co. Ltd., Continental AG, Akebono Brake Industry Co. Ltd., Brembo S.P.A., Halla Mando Corp., and others are some of the major players in the automotive brake system market profiled in the full version of th...

  The global   electric vehicle battery market share   is estimated to develop at a robust CAGR of 8.5% from 2022 to 2032. The target market will reach a valuation of US$ 18.09 billion in 2032, rising from US$ 8.68 billion in 2022. The market for electric vehicle batteries is strongly influenced by surging fuel prices, increasing use of lithium-ion batteries, and growing sales of hybrid/ electric vehicles. Technology advancements and an evolving automotive industry further aid the expansion of the electric vehicle battery market during the forecast period. Key Takeaways: Supply chain disruptions and harmful manufacturing processes are factors that may hinder the growth of the electric vehicle battery market. By vehicle, the passenger car segment will generate the most demand for the market and grow at a CAGR of 9%. Based on vehicle technology, the hybrid electric vehicle category accounts for a substantial portion of the market. This segment will gain traction due to its ...

  The   railway system market size   is valued at US$ 28,278.1 million as of 2023. The market is expected to advance at a CAGR of 4.8% during the forecast period. By 2033, the market is expected to cross an estimate of US$ 45,192.2 million. Key Takeaways: The railway system market is holding a valuation of US$ 28,278.1 million in 2023. The market is expected to surge at a CAGR of 4.8% during the forecast period. By 2033, the market might reach a valuation of US$ 45,192.2 million. Based on the regional analysis, North America is expected to be the largest market during the forecast period. USA market has a share of 21.8%. Germany market has a share of 4.4%. Japan market has a share of 5.7%. Australia market has a share of 1.3%. China market is expected to grow at a CAGR of 5.7%. India Market is expected to grow at a CAGR of 7.1%. UK market is expected to grow at a CAGR of 4.1%. Based on the application, the passenger transportation currently has the largest market share of...

  In 2022, the   aircraft generators market share   was worth US$ 5.83 Bn. The market is estimated to propel from US$ 6.30 Bn in 2023 to US$ 12.98 Bn by 2033. The market for aircraft generators is anticipated to develop at a CAGR of 7.5% over this projection timeframe. KEY TAKEAWAYS The US aircraft generators market is estimated to possess a market share of  18.3%.  The Japanese aircraft generators market is expected to secure a market share of  5.8% Over the forecast period, the German aircraft generators market is expected to have a market share of  5.1%.   The UK market for aircraft generators is likely to expand at a CAGR of  3.1%. The Chinese aircraft generators market is likely to rise at a CAGR of  4.4%  over the forecast period. Over the forecast period, the fixed wing segment is projected to dominate the market holding a market share of  68.6%. Request a Sample of this Report: https://www.futuremarketinsights.com/repor...

  The  automotive ac compressor market   is estimated to grow at an average CAGR of 3.9% over the forecast period. The automotive AC compressor market size is projected to reach US$ 9,342.1 Mn in 2022, and is estimated to reach US$ 13,696.2 Mn in 2032. Key Takeaways from Automotive AC Compressor Market By 2032, the automotive AC compressor market in the passenger car sector is expected to be worth almost USD 9 billion. Passenger cars segment is expected to grow at the fastest rate, owing to increased car sales in nations such as China and India. The proportion of passenger cars equipped with air conditioning is expected to surge. By 2032, the OEM segment is anticipated to control more than 95% of the automotive AC compressor market. Developing economies are spending heavily in the manufacturing sector in order to build strong export potential, which is leading to increasing car output. Due to its lower expensive than its competitors, the fixed displacement compressor cate...

  The global  automotive suspension systems market  is skyrocketing and is to be valued at US$ 62 Billion in 2022, forecast to grow at a stable CAGR of 4.36% to be valued at US$ 95 Billion from 2022 to 2032. Increasing urbanization, technical advances, and shift in purchasing habits are all contributing to the expansion of the automotive sector. Meticulous research and developments are assisting in updating the present automotive suspension systems in order to improve the ride quality and road holding capabilities of the vehicle. Automotive suspension systems are an important component of modern vehicles that help to ensure a comfortable and safe ride. Here are some details about automotive suspension systems. The purpose of the suspension system is to absorb shock and maintain vehicle stability while driving on uneven road surfaces. It provides a smooth ride and helps to keep the vehicle's wheels in contact with the road. The suspension system plays a...

  During the forecast period, the global   rail wheel and axle market size   is expected to expand at a steady CAGR of 5.6%. At its present growth rate, the global   market for rail wheels and axles   is expected to be worth $4,402.3 million by the year 2023. In 2033, the   demand for   rail wheel and axle   is projected to reach US$ 7603.4 million. Key Takeaways It is estimated that the US market for rail wheel and axle will be worth $570.8 million in 2022. Market value in China, the world's second largest economy, is projected to reach $878 million by 2026, expanding at a CAGR of 6% from 2023 to 2033. Over the projection horizon, both Japan and Canada are predicted to grow at rates of 2.9% and 3.8%, respectively. The demand for rail wheel and axle in Germany is projected to expand by 3.3% this year. Competitive Landscape The global rail wheel and axle market is highly competitive, with many companies operating in this space. These companies are ...

  The global   Battery Swapping Charging Infrastructure market   is expected to surpass an impressive valuation of USD   202.07   million in 2023 and is projected to exhibit a compound annual growth rate (CAGR) of 21% from 2023 to 2033.  Market Competition Key players in the Battery Swapping Charging Infrastructure market are NIO Inc., Gogoro Inc., Leo Motors Inc., Tesla Inc., SUN Mobility Private Ltd., BYD Co. Ltd., BattSwap Inc., Kwang Yang Motor Co. Ltd. (KYMCO), Panasonic Corp. Blink Charging Co. acquired EB Charging, a UK-based electric vehicle charging, and sustainable energy solutions company, in June 2022. The acquisition was made to allow Blink to expand and broaden its portfolio in the UK market by developing nearly 1,150 EV charging points. SUN Mobility declared a battery technology partnership with Greaves Electric in May 2022. SUN Mobility and Greaves Electric will utilize the same charging infrastructure to implement swappable batteries for EV...

  The   electric utility vehicles market size   is valued at US$ 9,203.8 million as on 2023. The market is expected to reach a valuation of US$ 38,550.2 million by 2033, and is expected to grow at a CAGR of 15.4% during the period 2023 to 2033. Key Takeaways: The electric utility vehicles market is valued at US$ 9,203.8 million as on 2023. The market is expected to reach a valuation of US$ 38,550.2 million by 2033. The market is anticipated to grow at a CAGR of 15.4% during the forecast period. Based on the regional analysis, North America is the largest market. Based on the country analysis, USA is the largest market, having a share of 26.8%. The Germany market has a share of 13.7%. The Japan market has a share of 1.4%. The Australia market has a share of 0.6% The China electric utility vehicles market is expected to grow at a CAGR of 18.5% during the forecast period. The India market is expected to grow at a CAGR of 14.5% during the forecast period. The UK market is exp...

  According to Future Market Insights' most recent market estimate, the   automotive DC-DC converter market size   is worth US$ 782.4 million in 2023, growing at a CAGR of 33.4% From 2023 to 2033. Key Takeaways The automotive DC-DC converter market is likely to have a CAGR of 33.4% during the forecast period. Historically, the automotive DC-DC converter market had a CAGR of 22.8% between 2018-2022. The value of the automotive DC-DC converter market is expected to be US$ 13,962.9 million by 2033. Based on propulsion type, the PHEV segment has a 64.1% share in the automotive DC-DC converter The US dominates the automotive DC-DC converter market with a share of 12.9% by 2033. During the forecast period, the automotive DC-DC converter market in China is likely to showcase a CAGR of 26%. Competitive Landscape Automotive DC-DC converter vendors who rely heavily on established markets for their sales must successfully reinvent their product lines in order to ensure low environme...

  As per the reports published by FMI, the global   air brake system market demand   is estimated at US$ 2,108.8 Million by year 2023. The market value of the air brake system is anticipated to surpass a valuation of US$ 3,003.5 Million by the year 2033, advancing at a CAGR of 3.6%. A historical market valuation of US$ 2,025.7 Million has been recorded by the analysts of Future Market Insights for the concerned market during the base year. Key Takeaways from the Air Brake System Market The market valuation of the air brake systems is projected to surpass US$ 3,003.5 million by the end of 2033. An approximate surge of US$ 83.1 Million has been witnessed from the base year to the current in the air brake systems market. The air drum brake segment by type category is identified to advance at a moderate pace, registering a CAGR of 4.4% through 2033. This segment is currently accountable for 67.5% of 2023. The compressors by component type segment are expected to advance at a ...

  The   electric vehicle insulation market  is expected to be valued at US$ 43,795.7 Million by 2033, up from US$ 6,145.1 Million in 2023. Sales of electric vehicle insulation are projected to grow at a CAGR of 21.7% over the estimated period, according to research by Future Market Insights. Key Takeaways from the Electric Vehicle Insulation Market The United States is anticipated to have a 9.3% market share for electric vehicle insulation over the projected period. The United States is expected to keep up a steady rate of revenue growth. With an estimated 11.2% market share over the forecast period, Germany is anticipated to be the largest market. Europe is expected to see a moderate rate of revenue growth throughout the projected period. Initiatives and government support to increase creative activities linked to electric automobiles are predicted to play a major role in driving market revenue share. Due to increased fuel prices, more government efforts, and an increase...

  By 2033, the   Automotive Electronic Control Unit Market   is anticipated to grow significantly, with a CAGR of 4.7%. By 2033, the market is projected to have grown from US$ 14.4 billion in 2023 to US$ 22.8 billion. The market has historically had rapid expansion, with a CAGR of 1.6% between 2017 and 2022. The North American ECU market was valued at around US$ 11.6 Bn of the global Automotive ECU and over the forecast period, it will have US$ 20.2 Bn in revenue by 2032. The surging growth of the Automotive ECU market in the region is attributed to the increasing awareness of battery-powered and Electric vehicles along with stringent government norms to drive the green mobility solution.  Several strict mandates have been issued by various governments of North American countries in order to reduce their carbon footprint and enhance air quality has positively impacted the Automotive ECU Market. The United States is expected to account for around US$ 17.4 Bn of the gl...

  Based on the market research conducted by FMI, the   automotive wiring harness market size   is expected to grow at a considerable CAGR of 7.9% through 2032.   The automotive wiring harness market is expected to hit US$ 110.78 billion by 2032. The market is valued at US$ 51.79 billion as of 2022, and in 2021 the automotive wiring harness market valuation was US$ 48 billion. Automotive wiring harnesses are an essential component of a vehicle's electrical system. They are responsible for connecting various electrical components and systems in the vehicle, including the engine, transmission, sensors, and other electronic components. The demand for automotive wiring harnesses is expected to grow due to several factors. Increasing vehicle production: The production of vehicles is increasing globally, and this trend is expected to continue. As the number of vehicles produced increases, so does the demand for automotive wiring harnesses. Advancements in vehicle technology...