Automotive Blog

  According to ESOMAR-certified Future Market Insights’ (FMI) - By the end of the year 2033, the overall valuation of the global   EV charger market   is expected to be around US$ 68,967.2 million. This year, it is expected to be US$ 6,520.9 million and increase at a CAGR of 26.6% from 2023 to 2033. The net worth of all EV chargers sold in 2022 was estimated to be around US$ 5,130.5 million in 2022. In response to the ongoing escalation in the cost of gasoline and diesel, there are greater sales of fuel-efficient automobiles like BEVs and HEVS. The depletion of fossil fuel sources and the rising propensity of businesses to maximize profit from these oil reserves are to blame for this. Therefore, these factors increase the need for cutting-edge EV charging technology, resulting in a rise in the popularity of electrically driven automobiles. In order to swiftly develop their charging networks, many electric car firms may require a sizable number of EV chargers. Additionally...

  The global   EV charging station market   is projected to have a high-paced CAGR of 26.6% during the forecast period. The current valuation of the EV charging station market is US$ 10,768.2 Million in 2023. The value of the EV charging station market is anticipated to reach a high of US$ 113,889.1 Million by the year 2033. Key Takeaways: During the forecast period, the U.K. is estimated to account for a significant share of the global EV charging station market. This is attributed to the government adopting the Automated and Electric Vehicles (AEV) Act. It gives the government enormous power to hasten the installation of EVCI in gas stations and on roads. The EV charging station market in Asia Pacific is predicted to hold the largest share, particularly in China and India, during the projected period. This is owing to key companies offering full end-to-end services ranging from captive charger installation to maintenance. Collaboration between various OEMs, automotive m...

  The global   EV Charging Cables Market   is anticipated to register a phenomenal growth rate of about 22.2% during the forecast period from 2022 to 2032, with an expected valuation of US$ 1,549.3 Million in 2022 and totaling around US$ 11,541.6 Million by the end of 2032. There are two types of electric vehicle charging cables: public charging and private charging. The private charging segment is predicted to account for a notable portion of the global EV charging cables market. Due to the expanding number of private electric vehicles on the road, this segment in particular is expected to dominate the market over the assessment period. The public charging segment is projected to dominate the market over the forecast period, accounting for a boost in the number of commercial charging terminals across regions. Download sample PDF {FREE}: https://www.futuremarketinsights.com/reports/sample/rep-gb-13262 Key Takeaways The implementation of electric vehicles is expanding in s...

  The  CNG and LPG vehicles market  is expected to showcase rather slow-paced growth over the forecast period from 2022 to 2032 with a stagnant CAGR of 4.5%. Presently, the market has been evaluated at US$ 5243.3 million in 2022. The global valuation of the CNG and LPG vehicles market is projected at US$ 8153.1 million by the year 2032. The historical valuation of the CNG and LPG vehicles market propelled at a CAGR of 3.1%, estimated by the experts of Future Market Insights. The surging adoption of CNG and LPG vehicles has increased in recent years attributed to their low operating cost as compared to petroleum vehicles. According to the FMI analysis, this report showcases insights into the prevailing factors boosting market demand. Furthermore, some aspects are expected to curb the market growth throughout the market growth. You can get an in-depth analysis regarding the drivers, restraints, opportunities, and threats (DROTs) stirring the market across the assessment per...

  Based on the market research conducted by FMI, the   automotive wiring harness market   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. An automotive wiring harness is a vital component in modern vehicles, serving as the central nervous system that connects and interlinks various electrical components. It is essentially a bundled assembly of wires, connectors, terminals, and protective materials designed to transmit electrical power and signals between different parts of the vehicle. Wiring harnesses provide a structured and organized system for electrical connections, ensuring efficient communication between various components such as the engine, transmission, lights, sensors, infotainment systems, and more. The primary purpose of an ...

  The global   automotive exhaust systems market   is expected to reach a market valuation of US$ 106.98 Billion by the year 2022, accelerating with a moderate CAGR of 6.07% by 2022-2032. Aautomotive exhaust systems market size is anticipated to be valued at about US$ 192.86 Billion by 2032 end. Recent Developments Futaba Industrial Co., Ltd. stated in May 2021 that they would be participating in the Automotive Engineering Exposition 2021 Online. With an eye on achieving SDGs, the business plans to deploy new exhaust and body system components that enhance fuel efficiency, cut weight, and reduce emissions (Sustainable Development Goals). Faurecia's Clean Mobility Division has its headquarters in the Koriyama Plant in Koriyama City, Fukushima Prefecture, and in April 2021, the company announced that production would begin there in the second half of that year. Although the Koriyama Plant was supposed to begin operations in September 2020, the spread of the coronavirus has ...

  As per the reports published by FMI, the global   air brake system market   is estimated at US$ 2,108.8 Million in 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. FMI has analyzed that there is a high demand for air-pressing piston applications, which is leading to rising in market share for air brake systems. Stringent regulations have been imposed by the government of developing economies to stop the vehicles that are serving as a major cause to boost the adoption of air brake systems across the globe. It is identified that the production of high-speed trains and developments made in the railway sector is a key demand driver for air brake systems in the current year. However, after an in-depth analysi...

  According to a recent market analysis by Future Market Insights, the   automotive front end module market   is expected to reach US$ 22.29 billion in value by 2032. A CAGR of 6.3% is anticipated in the market during the forecast period. Rising prevalence of Internet of Things (IoT) has a substantial impact on the automotive front end module market growth. Due to the expansion of smart technology, stakeholders have also invested in the development of automotive components that help customers stay connected with other users in automobiles. OEMs are a desirable sales channel for front end components for automobiles. The ORM channel is additionally anticipated to support market expansion. Therefore, automotive front end module market key players should anticipate opportunities by utilizing the OEM channel in order to achieve sustainability and greater profitability. Request a Sample of this Report:  https://www.futuremarketinsights.com/reports/sample/rep-gb-1547 Additi...

  The global   automotive lighting market   is anticipated to attain a valuation of US$ 37.1 billion in 2023 and is predicted to reach US$ 69 billion by 2033, trailing a CAGR of 6.4% during the forecast period. Stringent lighting regulations have propelled developed countries to focus on the vehicle lighting industry in Europe and North America. Adequate vehicle lighting is crucial, particularly for travel on busy highways. Governments globally prioritize road safety, as highlighted by the World Health Organization (WHO), which reports 1.3 million annual fatalities from road traffic collisions. Many countries experience a 3% GDP loss due to road accidents. Therefore, enhancing driving conditions is essential, and improving the lighting system plays a significant role in achieving this goal. Request a Sample of this Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-621 In 2011, the European Union has made it compulsory for all new motor vehicles to have da...

   According to a recent   automated guided vehicles market   analysis conducted by Future Market Insights (FMI), the increased demand for effective material handling solutions has considerably boosted sales of automated guided vehicles. Overall revenues are likely to be valued at US$ 1126.7 million in 2023 as a result of this. Surging applications in areas such as logistics, food and beverage, healthcare, and production might ensure that autonomous guided vehicles continue to flourish. Based on this, FMI expects the market for automated guided vehicles to expand at a CAGR of 8% between 2023 and 2033. In automated guided cars, sophisticated technologies such as telematics services and laser, magnetic, infrared, and optical navigation are being deployed. Wireless communication is gaining popularity because it improves position monitoring precision. 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 [𝐅𝐫𝐞𝐞] : https://www.futuremarketinsights.com/reports/sample/rep-gb-15...

  The global  hybrid vehicles market  is expected to create a lucrative growth opportunity over the estimation period from 2022 to 2032 by registering a CAGR of 21.6%. The market is anticipated to be valued at US$ 192.7 Billion in 2022 and is expected to reach a valuation of US$ 1,362.3 Billion by 2032. According to the historical analysis ranging from 2015 to 2021, the hybrid vehicles market exhibited growth at a robust CAGR of 11.4% and is projected to accelerate during the current estimation period at a phenomenal CAGR of 21.6% throughout the forecast period. This surging year-on-year growth in 2022 is expected to bolster even further as governments from all over the world are rapidly taking initiatives to reduce carbon footprints in the transportation sector. The widespread adoption of luxury vehicles combined with the enforcement of severe emission-related regulations and high demand for electric vehicles are all contributing to the expansion of the hybrid vehicles m...

  The  automotive in-wheel motors market  is expected to grow 38.0% year on year in 2022, reaching a value of around US$ 2,127.5 million by the end of 2022. Sales of automotive in-wheel motors were estimated to be worth approximately US$ 1,541.4 million at the end of 2021. By 2032, the automotive in-wheel motors market is anticipated to expand at a 38.0% CAGR, reaching a worth of US$ 53291.81 Million. Significant Considerations The market for automotive in-wheel motors is being driven by better electric vehicle performance that is comparable to ICE vehicles’ performance in terms of performance, range, and reliability. Power electronics are incorporated into the system to help lower the cost, complexity, and number of vehicle components. To enhance efficiency and extend the range covered on a single charge, the system can also be used in conjunction with regenerative braking. Request a Sample of this Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-7677 E...

  As per Future Market Insights (FMI), the   Europe automotive tire market   value is projected to rise from US$ 68.4 billion in 2023 to US$ 108.7 billion by 2033. Sales of automotive tires across Europe are likely to soar at 4.8% CAGR throughout the forecast period. Rapid growth of automotive sector, adoption of electric vehicles, and innovations in tires are key factors driving the Europe market forward. Automotive tires significantly impact vehicle safety and performance. Europe automotive tire manufacturers are continuously innovating to improve tire technologies, materials, and tread patterns to enhance grip, handling, and braking capabilities. These advancements contribute to increased vehicle safety, reducing the risk of accidents and improving overall driving experience. Request a Sample of this Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-17433 The automotive sector is increasingly focusing on fuel efficiency and environmental sustainability...