Automotive Blog

  The global   real-time parking system market   is projected to grow at a phenomenal CAGR of 8.9% throughout the forecast period from 2022 to 2032. The global market reached a valuation of US$ 40,523.3 Million in 2022 and is likely to surpass a valuation of around US$ 96,406.7 Million by the end of 2032. The growth of the market is attributed to the escalating traffic congestion due to which the mandate for real-time parking systems is likely to aid the city administrations in streamlining dispersed parking spaces.   Significant parking problems have arisen, particularly in urban areas, as a result of the increasing number of vehicles and increasing traffic. Parking takes a lot of time and fuel because there is no structural process or system. Up to 25% of traffic can be made up of cars cruising for space. When parking spots are scarce or only good for a short period of time, problems are made worse. Drivers and challenges have an impact on market dynamics, which ca...

  The global   excavators market   is anticipated to register considerable growth, exhibiting a CAGR of 5.2% from 2023 to 2033. According to the research report published by FMI, the market is likely to hit a valuation of US$ 74.27 billion in 2023 and US$ 123.30 billion by 2033. Key Takeaways from Excavators Market Report: In 2018, the global market size stood at nearly US$ 57.64 billion. Asia Pacific held the dominant share with a revenue of more than 41% in 2022. The region is likely to register a CAGR of 5.8% from 2023 to 2033. The electric drive type segment is poised to exhibit a CAGR of 14.5% during the forecast period. The excavators with up to 250 HP registered a huge market share nearly 70% in 2022. This segment is predicted to exhibit a CAGR of approximately 5.8% from 2023 to 2033. The excavators weighing 46 > metric tons captured a massive 35% market share in 2022. The wheeled excavator segment accounted for a revenue of nearly 72.6% in 2022. Read more:...

  The   auto ventilated seats market   size is projected to be valued at US$ 8,560.1 million in 2023 and is expected to rise to US$ 18,429.3 million by 2033. The sales of auto ventilated seats market are expected to grow at a significant CAGR of 8.0% during the forecast period. The auto ventilated seats market has witnessed significant growth in recent years, driven by the increasing demand for enhanced comfort and driving experiences in automobiles. Auto ventilated seats, equipped with built-in ventilation systems, provide a higher level of comfort by regulating airflow and temperature, ensuring a pleasant seating environment for passengers. Discover the Potential of the Auto Ventilated Seats   Market with Our Sample Report!:   https://www.futuremarketinsights.com/reports/sample/rep-gb-5062 The rising consumer preference for premium and luxury vehicles has created a demand for advanced comfort features, including ventilated seats. These seats offer improved air...

  According to Future Market Insights (FMI), the   automotive window regulator market   will be worth more than US$ 21.2 Billion by 2031. During the projection period, a strong 4.5% CAGR is predicted during forecast period. Increasing Demand for Personal Vehicles to Sustain Market Growth in APEJ India and China are prominent markets for car manufacturers owing to growing population and increasing need for personal vehicles. In addition, many banks and financial institutes are offering various loan schemes, making it easy for people to own a car. These factors are expected to sustain market growth in APEJ. In contrast, people in this region are shifting toward power window regulator, owing to their better functionality. This is estimated to restrain growth of the market in APEJ. Demand for aftermarket is witnessing a surge in MEA, owing to absence of manufacturing plants in this region. GCC countries import cars form other regions for sale. Increasing consumer dependence o...

  The   Advanced Driver Assistance System (ADAS) Testing Equipment Market   is projected to attain a valuation of US$ 56.4 billion in 2023 and is expected to accumulate over US$ 202.7 billion by 2033, trailing a CAGR of 13.6% from 2023 to 2033. The integration of advanced driver assistance systems (ADAS) in passenger cars, driven by the growing awareness of safety and comfort, has fuelled market growth. Government mandates in countries like the United States, Japan, China, and Germany, emphasizing the implementation of ADAS for passenger safety, have further propelled market expansion. Notably, India has set a target to incorporate autonomous emergency braking (AEB) and electronic stability control (ESC) in cars between 2022 and 2023 to mitigate the risk of accidents. Drivers and challenges have an impact on market dynamics, which can impact your business. Find more insights in this sample report:   https://www.futuremarketinsights.com/reports/sample/rep-gb-283 The a...

  The   automotive tire market   is expected to grow at a CAGR of 6.6% from 2023 to 2033. The market is valued at US$ 503.9 Billion as of 2023, and by 2033, the market is expected to hit a valuation of US$ 958.8 Billion. The stringent safety norms pertaining to road are expected to surge the sales of automotive tires during the forecast period. A sharp increase in the number of accident cases owing to bad quality tires has motivated the investors to spend huge amounts behind the development of top-notch tires. Request a Sample of this Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-2686 Rise in the disposable income, coupled with rapid urbanisation is also expected to surge the demand for automotive tires during the forecast period. Apart from that, low production cost and lenient emission rules in certain parts of the world is also expected to have a positive outlook on the market. Moreover, the current generation automotive tires have been designed on...

  The   golf cart market   is projected to rise from US$ 1.41 billion in 2023 to US$ 2.07 billion by 2033. According to FMI, the sales of golf carts are predicted to expand at a CAGR of 3.9% during the forecast period. What are Key Players Doing to Thrive in the Golf Cart Market? The competitive landscape of the golf cart industry is characterized by the presence of several key players striving to capture market share and deliver innovative and reliable golf cart solutions. These key players compete based on product quality, performance, design, technological innovation, customer service, and market reach. They strive to provide reliable, efficient, and enjoyable golf cart solutions to meet the needs of golfers, recreational users, and commercial customers. Club Car:  Club Car is a renowned manufacturer of golf carts, offering a wide range of electric and gasoline-powered carts. The company's emphasis on durability, performance, and cutting-edge technology has establ...

  According to Future Market Insight, the   electric three-wheeler market   is expected to reach US$ 866.8 Million in 2023 and US$ 1,523.2 Million by 2033, growing at a CAGR of 5.8% from 2023 to 2033. KEY TAKEAWAYS During the projected period, the Chinese electric three-wheeler market is expected to rise at a CAGR of 5.3%. The Indian electric three-wheeler market is expected to rise at a CAGR of 6.4% during the forecast period. Over the projection period, Japan is expected to be responsible for 14.6% of the global market. The UK electric three-wheeler market is estimated to increase at a CAGR of 6.0% during the forecast period. The German electric three-wheeler market is expected to constitute for 2.8% of the global market over the forecast period. Over the projected period, the US electric three-wheeler market is estimated to account for 3.6% of the global market. The 1000 W to 1500 W segment is expected to maintain its dominance during the projected period, accounting f...

  The  automotive fasteners market  is anticipated to obtain growth at an average CAGR of 6% and is forecasted to reach a valuation of USD 47,174.7 Million by 2032, while it holds a revenue of USD 26,342.1 Million in 2022. Key Takeaways from Market Study Europe holds the biggest market space for the automotive fasteners market and is anticipated to hold its ground during the forecast period, with 26% of the share attributed to the sales of commercial vehicles such as passenger cars and electric buses. North America has the second largest space in the global automotive fasteners market, while its growth is owing to advancements in electric vehicle and their higher adoption with a 16% global share. The automobile companies such as General Motors and Ford are making the USA a significant country in the region of North America.  “The future for the market looks promising for lightweight vehicle adoption that use lighter automotive components in vehicles including automot...

  The   aircraft generators market    is estimated to propel from US$ 6.30 Billion in 2023 to US$ 12.98 Billion by 2033. The market for aircraft generators is anticipated to develop at a CAGR of 7.5% over this projection timeframe. An airplane's electrical power is assisted by aircraft generators. Aircraft generators provide various benefits over aircraft alternators. Preference for aircraft generators is growing since these are less susceptible to rogue electrical spikes or reversed polarity. These generators can still generate electricity even after the battery is dead. The significant driver of the market expansion is the rising demand for electric aircraft for commercial aviation. Additionally, there is more cooperation between aircraft and electrical producers to invest in electric power systems. The expansion of the aircraft generators market is anticipated to benefit from such cooperative initiatives' attractive market potential.  Request a Sample of this...

  The global   automotive body in white market   is worth US$ 63.5 Billion as of now and is expected to reach US$ 89.4 Billion by the year 2033 at a CAGR of 3.5% between 2023 and 2033. Key Takeaways from Automotive Body in White Market The Asia-Pacific is expected to witness maximum growth in the automotive body in white market in the forecast period. China and India dominate the scene. Coming to production, Japan rules the roost and the scenario is expected to remain unchanged even in the forecast period. South Korea and Taiwan are the other torchbearers. China backs on low-cost materials being available. India rides on availability of cheap labor. North America holds the largest market share with the US being subject to notable investments in manufacturing automobiles with various cutting-edge features. Europe is led by Germany with passenger vehicles’ higher sales in combination with supporting rules for producing and using vehicles. The status quo is expected to remai...

  The   electric vehicle insulation market   size 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. Over the forecast period, market growth is anticipated to be driven by favourable government initiatives to encourage the usage of green cars. The industry will also be fuelled by a rise in demand for battery-powered EVs, which is caused by strict government rules on car emissions. Governments all around the world are offering incentives to encourage the use of electric cars since doing so cuts down on pollution and oil use. Request a Sample of this Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-15858 The raw material manufacturers adopted forward integration to manufacture insulating products, resulting in an excessive amount of forward integration on the ma...

  Over the forecast period of 2022 to 2032, the  tire pressure monitoring system market  is expected to grow at a CAGR of 10.3% to reach a value of US$ 7.7 billion by 2032. Tyre pressure monitoring system sales in the automotive industry are predicted to be driven by the expanding use of sensor technology in automobiles and the quick development of integrated sensor systems. Technology developments and rising sales of luxury cars with updated safety features are driving the market for tyre pressure monitoring systems. The possibility to adopt new technologies in automobiles is presented by the shift in consumer attitude regarding safety systems in passenger and light commercial vehicles. Request to Sample of Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-719 Various government bodies all over the globe have imposed stringent passenger safety regulations on automobile manufacturing. The automotive industry's expansion, initiatives to adopt advanced tech...

  During the projection period of 2022 to 2032, the global  automotive sunroof market  is estimated to expand at a value CAGR of 11%, reaching a valuation of more than US$ 19 Billion by 2032. The glass material used in sunroofs is thought to make up more than 95% of the global market, according to FMI. The segment will grow thanks to traditional methods of making tempered or laminated glass and easy access to raw materials. Its outstanding glass insulating qualities, low maintenance costs, and energy efficiency make it a sunroof substitute that is accepted by the industry. The automotive sunroof market will be driven by improvements in glass technology that offer higher UV protection, as well as by rising sales of premium and luxury cars in developing nations and a rise in the demand for electric and hybrid vehicles worldwide. Increasing passenger car sales in conjunction with increased per capita income and consumer spending toward vehicle interiors and effective ventila...

  By 2033, the  Automotive Suspension System Market  is expected to grow above a valuation of US$ 100,875.9 million. According to our automotive researchers, car suspension system manufacturers should anticipate a compound annual growth rate (CAGR) of 4.5% through 2033, with a current market capitalization of US$ 64,956.8 million in 2023. Delivery trucks made to order are usually necessary for e-commerce companies because of their particular needs. These vehicles can be electric delivery vehicles designed for urban areas, or they can be parcel delivery trucks or refrigerated vans for food delivery. Any of these vehicle types needs to adhere to specific suspension requirements in order to guarantee the efficient and safe transportation of freight. Sustainability is a growing concern in the logistics and delivery sector. Some delivery services are moving to electric delivery cars in order to reduce their emissions and environmental impact. These electric automobiles' weight...