Intelligent Transportation Systems And Services (Itss) Market Valued At US$ 80 Bn In 2022 And Is Projected To Reach US$ 120.29 Bn By 2028 Growing At A CAGR Of 6.0%.
Head-Up-Display Market Is Expected To Reach UsD 2.09 Bn By 2022, Expanding At A CAGR Of 24.3 % From 2015 To 2022
The number of vehicles including taxi fleets in China has grown considerably in recent years, which has resulted in increased air pollution, traffic congestion, and fuel consumption. The new energy vehicles have garnered lot of interest across the globe, especially in China. Their ability to curb carbon emissions, leading to improved air quality and reduced dependence on foreign oil has been instrumental in driving market adoption.
Global Forestry Truck Mounted Cranes Market was estimated to be USD XX Bn in 2014 and was expected to be worth USD XX Bn by 2022. Explore the market Here!
The global Underground Mining Loader market is anticipated to grow at a substantial CAGR of 2.00% in the upcoming years. The global Underground Mining Loader market was estimated to be worth USD 13.4 billion in 2021 and was expected to be worth USD 15.09 billion by 2028.
The demand for X-ray tire inspection systems has been modest in developed markets like North America and Europe. Even though both regions are fast recovering from the declines recorded during the economic recession 2009 – 2012, the demand for X-ray tire inspection systems in these regions is expected to witness growth below the global average.
The potato harvesters market is expected to see a double digit year on year growth globally in the next six years.
Automotive HVAC (Heating, Ventilating, and Air Conditioning) Market Is Expected To Expand At A CAGR of 7.9% From 2016 To 2022, Exceeding US$ 21.0 Bn By 2022
Automotive Adaptive Lighting Market Is Projected To Cross The US$ 3.55 Bn Mark By 2023
Revival of the construction industry post economic slowdown is one of the major factors driving the global bearings market. Increased industrial production and agricultural mechanization coupled with the growing demand from aerospace and automotive sectors is also influencing the market demand. These factors are expected to contribute towards a compounded annual growth rate (CAGR) of 7.3% during the forecast period 2016 – 2023.
The global mixing wagon market is anticipated to grow at a substantial CAGR of XX% in the upcoming years. The global mixing wagon market industry was estimated to be worth USD XX billion in 2021 and is expected to be worth USD XX billion by 2028.
Weighing equipment form one of the most integral parts of the overall industrial ecosystem. These equipment find role right from the raw materials to the delivery of finished products. Weighing equipment typically comprises a weighing platform, sensors for the electronic scales (lever in case of mechanical scales) and display. The market growth is largely driven by the need for faster, accurate and more reliable weighing solutions.
The global electric vehicles market has observed a significant growth in the last five years and is expected to witness double digit growth through the forecast period 2016 - 2022. This growth is primarily attributed to introduction of mandatory policies to reduce green house gases and vehicle fuel consumption in several countries.
The global cargo handling equipment market has observed a considerable growth in the last five years and is expected to promising growth through the forecast period 2016 - 2023. This growth is primarily attributed to increasing traffic at ports and initiative take by port operating authorities to reduce fuel emission and improve operating efficiency.
The automotive test equipment market is predicted to witness significant growth through the forecast period 2016 – 2023 with increasing motor vehicle production across the world.
In the following years, the global airport retail market is anticipated to grow at 12.10%. The Value of the worldwide airport retail market was USD 31.5 billion in 2021, and it is anticipated to grow to USD 62.5 billion by 2028.
Automotive interior ambient lighting are increasingly becoming popular in the overall automotive industry. Due to high added aesthetic value to the vehicle, consumers also have an emotional view towards installing ambient lighting in their vehicles Ambient interior lighting also ensures driver safety as it enhances the effective visibility of dashboard and other control systems for drivers in case of low visibility.
Unmanned aerial vehicle (UAV), also referred to as drones, are aircraft systems capable of operating without any human pilot aboard. In contrast to other platforms such as aerostat systems, airships, UAVs are capable of hovering over a given region covering larger surface area.
Industrial Fasteners Market Is Expected To Expand At A Compound Annual Growth Rate Of 5.3% During The Forecast Period 2016 – 2023, Exceeding US$ 107.0 Bn By 2023
Automotive Air Filter Market Is Expected To Expand At A CAGR Of 7.5% From 2016 To 2023, Exceeding US$ 9.1 Bn By 2023
Global Car Rental Market Is Expected To Grow At A CAGR Of 11.5% During The Forecast Period 2016 To 2023.
The global automotive engineering services outsourcing market was valued US$ 43.13 Bn in 2018 and is expected register growth at 8.3% CAGR during the forecast period from 2019 to 2027.
Automobile has become an inseparable part of modern day life style. Due to factors such as growing discretionary income of people along with continual advancement, the industry has witnessed profound growth over the past few decades. However, the overall automotive industry has been witnessing consistent challenges such as goods and passenger safety, comfort and fuel economy.
Commercial vehicle transportation plays an important role in industrial development and public transport. Ever-rising domestic as well as international trades has resulted into immense demand for prompt commercial transportation service, over the period of time. In addition, with the emergence of ecommerce and logistics industry, commercial transportation has become the most crucial mode of transportation worldwide.
Automatic Number Plate Recognition (ANPR) System Market Is Estimated To Grow With A CAGR Of 12.3% From 2016 To 2023.
The global market for refuse-derived fuel (RDF) is anticipated to grow at a substantial CAGR of 7.5% in the upcoming years. The global refuse-derived fuel (RDF) industry is estimated to be worth USD 3948.6 million in 2021 and is expected to be worth USD 6093.88 million by 2028.
Automotive Braking System Market Is Estimated To Grow With A CAGR Of 5.5% From 2016 To 2024
The global market is projected to have a significant CAGR of 8.40% in the upcoming years. The global industrial automation industry was estimated to be worth USD 194.5 billion in 2021 and is projected to be worth USD 315.5 billion by 2028.
In 2021, the global logistics market was valued at USD 4.7 Trillion and is projected to reach a value of USD 6.1 trillion by 2028.
Train Control And Management Systems Market Was Valued At US$ 2.23 Bn In 2016, And Is Expected To Reach US$ 4.44 Bn By 2025, Expanding At A CAGR Of 7.8% From 2017 To 2025
New energy vehicles (NEVs) encompass various automotive four wheelers and two wheelers which make use of alternative fuel source as opposed to the conventional oil and gas. The new energy vehicles make use of electric motors which can run on electricity either stored in a battery, generated during braking and general running or created using a hydrogen fuel cell.
Automotive Automatic Transmission Market Is Estimated To Expand With A CAGR Of 4.9% From 2017 To 2025
In 2021, the global e-commerce logistics market was valued at USD 232.5 Billion and was projected to reach a value of USD 797.2 billion by 2028. The demand for e-commerce logistics will increase substantially in the coming years.
Traction Equipment Market Was Valued At US$ 246.1 Bn In 2016, And Is Expected To Reach US$ 316.3 Bn By 2025, Expanding At A CAGR Of 2.8% From 2017 To 2025
The global lawn mowers market was stood at US$ 16.61 Bn in the year 2018 and expected to reach US$ 29.63 Bn by the year 2027, expanding at a CAGR of 6.7% during the forecast from 2019 to 2027. Rising trend of landscape beautification is ought to boost the lawn mowers demand in the coming years. The landscaping industry has hit US$ 99Bn in 2019 in the United States.
Bicycle Tires Market Was Valued At US$ 4.9 Bn In 2016 And Is Expected To Grow At A CAGR Of 5.7% During The Forecast Period From 2017 To 2025
Automotive Filters Market Is Set To Expand With A CAGR Of 6.7% Through The Forecast Period Of 2017 To 2025
Tanker Trucks Market Worldwide Is Expected To Reach US$ 1.28 Mn By 2025, Growing At A CAGR Of 5.5% From 2017 To 2025
The global tire pressure gauge market is expected to witness a considerable growth with increasing sale of all types of vehicles and stringent regulations related to installation of tire pressure monitoring system globally. The tire pressure gauge market is expected grow at a CAGR of 4.5% from 2017 to 2025. The demand for tire pressure system is also increasing with increasing number of independent service stations globally.
Metal Springs Market Was Valued At US$ 20.6 Bn In 2016 And Is Expected To Grow At A CAGR Of 5.1 % During The Forecast Period From 2017 To 2025
Wheelchair Accessible Vehicle Converters Market Was Valued At US$ 6.16 Bn In 2016 And Is Expected To Grow At A CAGR Of 5.7% During The Forecast Period From 2017 To 2025
Automotive Parts Remanufacturing Market Was Valued At US$ 33.16 Bn in 2016 And Is Estimated To Grow At A CAGR of 6.6% From 2017 To 2025
Automotive Power Steering Systems Market Is Estimated To Hit US$ 35 Bn By 2025
Airless Tires Market Is Estimated To Register Double Digit Growth Over The Forecast Period 2017 To 2025
Automotive Hub Motors Market Is Set To Register Double Digit Growth Over The Forecast Period 2017 To 2025
Autonomous Farm Equipment Market Was Valued At US$ 437.0 Mn In 2016 And Is Estimated To Grow At A CAGR Of 59% From 2017 To 2025
Brush Cutters Market Was Valued At US$ 12.85 Bn In 2016 And Is Estimated To Grow At A CAGR Of 4.3% From 2017 To 2025
Automatic Emergency Braking System Market Is Expected To Witness A Growth Of 8.5% During The Forecast Period 2017 - 2025
Global Boom Trucks Market Is Expected To Witness A Growth Of 4.5% During The Forecast Period 2017 - 2025
Amphibious Vehicles Market Was Valued At US$ 2.30 Bn In 2016 And Is Estimated To Grow At A CAGR Of 8.4% From 2017 To 2025
High-end finishing is an important component of automobile production as it not only protects the body surface.
Safety has always remained a top priority for both passengers and pedestrians while on the road. With the number of fatalities and crashes increasing every year, there has been a growing focus on the part of various automobile manufacturers to tackle this rising concern.
Tank trucks are majorly used for bulk liquid transportation. Tank trucks are utilized by oil refineries and oil trading companies to safely deliver oil and petroleum products to the distribution point. Tank trucks have capacity to carry wide range of liquids and may act as an interface between two different modes of transport. Thus, it plays a vital role in transporting oil from production areas to rail terminals and pipelines.
Automotive Wiring Harness Market Is Expected To Reach Us$ 92.9 Bn In 2025
Automotive Steer-By-Wire Systems Market Is Expected To Grow At A CAGR Of 23.4% Over 2018 -2026
Global Folding Bicycles Market is projected to increase at a significant CAGR of 8.5% in the coming years. In 2021, the global folding bicycles market was valued at USD 682.9 Million and is projected to reach at value of USD 1114.1 million by 2028.
The global boom cranes market was valued at US$ 309.9 Mn in 2017 and reached is further expected to reach US$ 456.5 Mn by 2026, growing at a CAGR of 4.5% over the forecast from 2018 to 2026. Boom cranes are utility vehicles used to lift or lower heavy objects at residential, commercial, and industrial project facilities. Boom cranes have relatively greater lifting capacity and are extensively used in heavy duty applications for loading and unloading goods.
Development of architectural structures and monuments has been considered as a symbol of human evolution and growth. Several residential, commercial and public structures are the center of emotional, cultural, religious and heritage values for people across the globe.
Booming automotive sector has given substantial rise to a burgeoning automotive garage equipment market. With consistent rise in automotive sales, the related service & maintenance sector has demonstrated immense growth over the period of time.
In 2021, the global automotive wipers market was valued at USD 3926.1 million and is projected to reach the value of USD 5054.37 million by 2028.
Demand for automotive diagnostic scan tools is expected to witness strong growth due to increasing electrification of vehicles worldwide. Automotive diagnostic scan tools are combination of electronic devices and software that are used as interface with diagnostic systems in vehicles.
Public Transport Smart Cards Market expected to grow at a CAGR of 10.20%. Report Segmented By Component Type (Microcontroller Based Smart Cards, Memory Card-based Smart Cards), By Interface Type (Contact Smart Cards, Contactless Smart Cards, Others), By Mode of Transportation (Bus, Train, Light Rail Transit, Others)
The global emission control catalyst market is growing proficiently, projected to grow at a CAGR of 7.2% during the expected period from 2019 to 2027, starting from US$ 17.28 Bn in 2018. Rising awareness towards reduction of carbon footprints along with stringent government regulations for air pollution reduction is projected to have a positive impact for emission control catalyst in the upcoming years. Additionally, various regional policies for emission regulation such as Euro standards in European Union, National Ambient Air Quality Standards and California Ultra Low Emission Vehicle in the U.S. and Bharat Stage emission standards (India), have restructure and significantly controlled the emissions.
Yacht charter market was valued at US$ 9.85 Bn in 2017 and set to grow with a CAGR of 5.4% throughout the forecast period from 2018 to 2026. The market is highly driven by rising inclination towards luxury cruising worldwide.
Continuously growing automotive sector worldwide is helping reciprocating engines market to grow and registered global market value of US$ 197,803.5 Mn in 2017 and anticipated to exhibit a growth with a CAGR of 6.5% from 2018 to 2026. Although automotive industry is the biggest contributor to overall reciprocating engines market, these engines also find their applications across industrial, institutional, and commercial facilities for power generation. The various advantages of these engines include, quick start, follows load well, good part load efficiency and high reliability.
Night vision and driver monitoring systems are two most promising active safety systems purposed to increase driver perception and safety ratios thereby preventing road accidents. At present, night vision and driver monitoring systems are mainly installed in premium and luxury cars.
Automotive display driver IC is one of the most promising segments of the overall display driver’s vertical, considering the rapidly growing penetration of vehicle infotainment systems worldwide. Growing adoption of electronic displays in automotive sector is creating huge market potential for automotive display driver ICs. Consistently rising automotive industry and increasing demand for connected and safe vehicles are some of the factors escalating demand for automotive display driver IC.
Global automotive relay market is touching new heights and registered market value of US$ 13.43 Bn in 2017. The market is on the path of significant growth and projected to reach US$ 22.29 Bn in 2026 with a growth rate of 5.8% throughout the forecast period from 2018 to 2026.
Utility task vehicles (UTV) market witnessed a high uptick in recent few years and registered US$ 4.12 Bn in 2017 that is projected to reach US$ 7.42 Bn in 2026 growing at a steady CAGR of 6.7% throughout the forecast period from 2018 to 2026.
The global traffic management systems and services market is expected to cross US$ 116.0 Bn by 2026 at a CAGR of 20.5% throughout the forecast period from 2018 to 2026. The most significant factor driving the traffic management systems and services market is the rising traffic congestion worldwide. Increasing population coupled with the rising discretionary income of people worldwide has led to high growth in the overall automobile industry.
Fast paced lifestyle and growing demand for ready-to-eat and frozen food products encouraged refrigerated trailers market to register market value of US$ 5.97 Bn in 2017 and estimated to touch US$ 8.99 Bn by 2026 with a compound annual growth rate of 4.7%. Growing demand for refrigerated trailers contributed by a number of factors besides aforementioned dynamics.
The global zero turn mowers market was valued at US$ 1,896.3 Mn in 2017 and expected to expand at a CAGR of 7.3% during the forecast period from 2018 to 2026. Growing significance of gardening as a leisure activity and desire among residential owners to develop garden area and improve aesthetics through properly maintained lawn is collectively driving demand for zero turn mowers worldwide.
The disc brake systems market was valued at US$ 36.45 Bn in 2017 and expected to be growing at a compounded annual growth rate (CAGR) of 4.5% from 2018 to 2026. The most prominent factor aiding the disc brake systems market growth is the rising motor vehicle production across the world. For instance, the world motor vehicle production increased by 4.5% in 2016 over 2015.
The need for optimum fuel utilization and engine performance monitoring urged automotive manufacturers across the globe to incorporate engine speed sensors into their products. This allowed engine speed sensors market to reach market value of US$ 3.7 Bn in 2017 and estimated to touch US$ 4.88 Bn by 2026 with a compound annual growth rate of 3.1%. Although a very small device, engine speed sensors plays a major role in driving modern-day IC engines irrespective of application in which they are used.
In 2021, the global Railway Signaling Systems market was valued at USD 7429.5 million and projected to reach USD 10013.27 million by 2028. The demand for Railway Signaling Systems is projected to increase substantially in the coming years and is presumed to generate revenue opportunities for the key industry players worth USD 2583.77 million during the forecast period of 2022 and 2028.
The global vehicle camshaft market is anticipated to grow at a significant CAGR of 4.1% during the forecast period. The global vehicle camshaft industry was estimated to be worth USD 2348.6 million in 2021 and was expected to be worth USD 2988.9 million by 2028.
The overall aircraft tires market is set to demonstrate steady growth rate during the forecast period from 2018 to 2026, up from US$ 1,260.4 Mn in 2017.
The global automotive seat heaters market was valued at US$ 876.6 Mn in 2017 and expected to expand at a CAGR of 5.8% during the forecast period from 2018 to 2026. Steady rise in the production of motor vehicles on the back of improving standard of living and easy availability of financing schemes is identified as the major factor driving demand for automotive accessories including seat heaters worldwide.
The occupant classification systems market was valued at US$ 1.94 Bn in 2017 and expected to be growing at a compounded annual growth rate (CAGR) of 7.2 % from 2018 to 2026. Vehicle safety norms getting stringent by the day is one of the most important factors leading to the increasing deployment of occupant classification systems in vehicles across the world.
The overall automotive tires market worldwide is set to exhibit steady growth rate throughout the forecast period from 2018 to 2026, starting from US$ 155.29 Bn in the year 2017. Tires are among the most important components of automotive vehicles, making it one of the most crucial aspects of the overall automobile components industry.
The global automotive timing belt market is increasing significantly, anticipated to grow at a CAGR of 5.9% during the estimated period from 2019 to 2027, starting from US$ 6.78 Bn in 2018. The global automotive timing belt market is majorly driven by the increasing manufacturers focus on improved fuel economy and engine efficiency across the globe. The increased use of thermally-stable materials for the manufacturing of timing belts coupled with increased aftermarket are some major factors driving the market growth over the forecast period.
Automotive wheel rims market value expected to reach US$ 62.7 Bn by 2026, expanding with a CAGR of 5.1% during the forecast period from 2018 to 2026. Essentially directed by Asia Pacific, automotive wheel rims market majorly driven by rising production of automobiles across the globe.
Vehicle security system prevents vehicle theft and avoids usage of vehicles by some unauthorized person. A significant rise in the number of automotive across the globe and proportional growth in crime associated with automotive considerably accelerated the demand for vehicle security system.
Automotive exhaust systems market valued at US$ 26.97 Bn in 2017, expected to grow with promising CAGR during the forecast period from 2018 to 2026. Essentially directed by Asia Pacific, automotive exhaust systems market majorly driven by rising production of automobiles across the globe.
The automotive sunroof market was valued at US$ 6.10 Bn in 2017 and expected to be growing at a compounded annual growth rate (CAGR) of 9.5% from 2018 to 2026. Sunroof is a part of the vehicle roof that allows light and/or air to enter the passenger compartment of the vehicle.
The global smart glass/mirror in automotive market value was at US$ 1,159.3 Mn in 2018 and is projected to reach US$ 2,752.0 Mn by 2027, witnessing a CAGR of 10.2% during the forecast from 2019 to 2027.
The electric bicycle market expected to be growing at a compounded annual growth rate (CAGR) of 6.5% from 2018 to 2026 and reach US$ 25.64 Bn in 2026. What distinguishes an electric bicycle from a traditional bicycle is the presence of an integrated electric motor.
Automotive chassis system market stood at US$ 55.67 Bn in 2017 and expected to grow at 5.5% CAGR during the forecast period from 2018 to 2026. The role of a chassis in a vehicle involves around its functionality of providing a supporting structure.
The global forestry cranes market was estimated US$ 850.4 Mn in 2017 and is expected to grow at a CAGR of 4.8% throughout the forecast period from 2018 to 2026.
The growth of wheel aligner equipment market is growing consistently in proportion with the growth in global automotive market. Wheel alignment is a vital aftersale service and is performed by owner multiple times during the lifecycle of an automobile.
The Lane Departure Warning System Market is anticipated to grow at a substantial CAGR of 13.50% in the upcoming years. The Global Lane Departure Warning System industry was estimated to be worth USD 8394.2 million in 2021 and was expected to be worth USD 17945.46 million by 2028.
The automotive software market stood at US$ 16.24 Bn in 2017 and expected to grow at a CAGR of 19.2% during the forecast period from 2017 to 2026 and reach US$ 78.62 Bn in 2026.
The global auto insurance market is anticipated to grow at a significant CAGR of 8.90% in the upcoming years. The global auto insurance industry was estimated to be worth USD 750.8 billion in 2021 and was expected to worth USD 1252.2 billion by 2028.
Cargo shipping or maritime transportation of goods played an important role in shaping the present day world. Before aviation, transportation of good through vast seas and oceans were the only mode of transport to connect and trade between continents.
Mobile food vehicles including food trucks, food carts, food trailers and bustaurants continue to be wheels for entrepreneurial opportunity and economic growth. The trend of mobile food vehicles transforming into and being a part of conventional brick-and-mortar restaurants is accelerating.
Aviation industry across the globe is witnessing a spurt in terms of number of aircraft and airports. Airport snow and ice management equipment are an essential part of airport arsenal to maintain smooth and safe operation of air traffic, especially in countries having long and cold winter seasons.
The Battery Electric Vehicles (BEVs) market worldwide was valued at US$ 89.15 Bn in 2017, and is expected grow at a CAGR of 20.6% from 2018 to 2026.
The global rice cultivation equipment market is expected to witness a notable growth, expanding at a CAGR of 5.2% during the forecast period from 2018 to 2026. Agricultural equipment has seen an increased investment opportunity in the agricultural sector. Farming or agricultural equipment has made the life of farmers easier.
The global automotive pillar market is growing competently, expected to grow at a CAGR of 7.0% during the estimated period from 2019 to 2027, starting from US$ 4.49 Bn in 2018.
The global advanced driver assistance systems (ADAS) market is anticipated to grow at a substantial CAGR of 11.7% in the upcoming years. The global advanced driver assistance systems (ADAS) industry is estimated to be worth USD 26.8 billion in 2021 and is expected to be worth USD 52.05 billion by 2028.
Heavy-duty tires are the tire which is exclusively used for special heavy-duty application equipment. These equipment are used across different application such as construction equipment, mining equipment, industrial vehicles & equipment, agricultural equipment, and forestry equipment.
The electric buses market worldwide is expected to grow with a CAGR of 22.9% during the forecast period. Electric vehicles have emerged as a viable solution for curbing the enormous air pollution caused by conventional fossil fuel vehicles.
Unmanned Surface Vehicles (USVs) are autonomous vehicles that are capable of float on water surface. Although unmanned aerial vehicles (USVs) have been around for past few years and their numbers are growing consistently.
The automotive fog lights market worldwide is expected to grow with a CAGR of 9.7% during the forecast period from 2019 to 2027, starting from US$ 667.0 Mn in 2018.
The global recreational vehicles market is expected to reach US$ 61.25 Bn by 2027, registering a steady resurgent growth of 5.9% during the forecast period from 2019 to 2027.
The two-wheeler hub motors market worldwide is expected to grow with a CAGR of 7.23% during the forecast period from 2019 to 2027, starting from US$ 1,337.0 Mn in 2018.
The automotive radiators market worldwide is expected to grow with a CAGR of 4.53% during the forecast period from 2019 to 2027, starting from US$ 9.23 Bn in 2018.
Globally, the crawler tractors market is expected to grow with a CAGR of more than 7% during the forecast period from 2019 to 2027, starting from US$ 2.10 Bn in 2018. Globally, infrastructure development is at rise. This has generated demand for robust and sturdy machinery that would help conduct the activities at ease.
Road Marking machines market projected to reach the overall market value of US$ 11.83 Bn in 2027 and expected to witness the promising growth of 6.01% throughout the forecast period.
Globally, the autonomous trucks market is expected to grow with a CAGR of more than 9.5% during the forecast period from 2019 to 2027, starting from US$3.5 Bn in 2018.
Globally, the electric charging station market is expected to grow with a CAGR of more than 39% during the forecast period from 2019 to 2027, starting from US$8.8Bn in 2018. The adoption of electric vehicles is growing rapidly across the world. Electric charging station provides the import role in the adoption of electric vehicles as they offer the safe, durable, reliable and the affordable charging infrastructure and ecosystem.
The aircraft retread tires market worldwide is projected to rise with a CAGR of 4.2% during the estimated period from 2019 to 2027, starting from US$ 692.3 Mn in 2018.
Globally, the automotive gas charged shock absorbers market was valued at US$ 3.06 Bn in 2018 growing with a CAGR of 6.0% during the forecast period from 2019 to 2027, starting from 2018.
The global automotive rear lights market is poised to reach US$ 7.79 Bn by 2027, expanding at a CAGR of 4.7% during the forecast period from 2019 to 2027. Digitalization in the automotive industry has taken production to the fast lane.
The headlight control module market worldwide is expected to grow with a CAGR of 4.2% during the forecast period from 2019 to 2027, starting from US$ 3.44 Bn in 2018. Headlight control module for the high beam adaptation during the night vision applies an embedded design approach.
Globally, the motorcycle suspension systems market is estimated to grow with a CAGR of 4.8% over the forecast period (2019 to 2027), up from US$1.52 Bn in the year 2018.
Globally, the rail gangways market is expected to grow with a CAGR of 6.3% during the forecast period from 2019 to 2027.
Globally, the fifth wheel coupling market is expected to grow with a CAGR of 6.4% during the forecast period from 2019 to 2027, starting from 2018 with a market value of US$ 580.0 Mn.
Globally, the hydrostatic transmission market is expected to grow with a CAGR of 6.5% during the forecast period from 2019 to 2027, starting from 2018 with a market value of US$ 6.12 Bn.
Globally, the check engine light market is projected to grow with a CAGR of 5.5% during the forecast period from 2019 to 2027.
The global transportation grade bioethanol market is anticipated to grow at a substantial CAGR of 5.50% in the upcoming years. The global transportation grade bioethanol industry was estimated to be worth USD 63.5 billion in 2021 and was expected to be worth USD 87.56 billion by 2028.
The retread tires market worldwide is projected to raise with a CAGR of 4.9% during the estimate period from 2019 to 2027, starting from US$ 12.65 Bn in 2018. Rising sales of commercial vehicles is expected to continue to boosting the demand for retread tires.
The reverse logistics market worldwide is expected to grow with a CAGR of 5.90% during the forecast period from 2019 to 2027, starting from US$ 967.89 Bn in 2018.
The global autonomous vehicle market is expected to expand at a CAGR of 35.6% during the forecast period from 2019 to 2027.
The global public safety wireless communication systems market accounted for US$ 12.75 Bn in 2018 and is projected to reach US$ 25.60 Bn by 2027, growing at a CAGR of 8.1% throughout the forecast period from 2019 to 2027.
The global integrated traffic systems market was valued at US$ 21.98 Bn in 2018 and is anticipated to grow to US$ 41.06 Bn expanding at a CAGR of 7.2% during the forecast period from 2019 to 2027.
In 2018, the global commercial vehicles market was estimated at US$ 1.05 Tn and is expected to grow at a CAGR of 6.2% throughout the forecast period from 2019 to 2027. Development of global economy, expansion of logistics industry and improved road infrastructure globally are the major key factors for global commercial vehicles market growth. As per OICA, around 5% more vehicles was sold in 2018 as compared to 2017.
The scissor lift market is poised to reach US$ 2.5 Bn by 2027, expanding at a CAGR of 5.6% during an estimated timeframe from 2019 to 2027 on a global scale.
The automotive windshield washer system market is poised to touch US$ 26.30 Bn by 2027, growing at a CAGR of 5.1% during an estimated timeframe from 2019 to 2027 on a global scale. Rising automotive industry worldwide coupled with introduction of various windshield maintenance products is the prime factors driving the market growth.
the global electric boat market is expected to cross US$ 12.32 Bn by 2027, growing at a CAGR of 11.9% from 2019 to 2027.
The global kick scooter market is growing at a rapid pace, anticipated to grow at a CAGR of 26.3% during the projected period from 2019 to 2027, starting from US$ 470.5 Mn in 2018.
The global motorcycle lead acid battery market was valued at US$ 4,299.0 Mn in the year 2018 and expected to reach US$ 6,829.4 Mn by the year 2027, expanding at a CAGR of 5.3% during the forecast from 2019 to 2027. Batteries are an important part of a vehicle while starting, ignition, and vehicle lighting. Moreover, with a paradigm shift towards battery powered vehicles and electric vehicles battery has gained prominent traction in the global automotive market.
The global automotive camshafts market accounted for US$ 668.22 Mn in 2018 and is anticipated to grow to US$ 1,002.41 Mn expanding at a CAGR of 5.2% during the forecast period from 2019 to 2027. In volume terms, the market registered sales of 173.01 Mn Units in 2018 and is estimated to reach 233.15 Mn Units by 2027 growing at a CAGR 3.8% during the forecast period.
The global automotive glass market was valued at US$ 14.70 Bn in 2018 and is anticipated to grow to US$ 25.22 Bn at a CAGR of 6.3% throughout the forecast period from 2019 to 2027.
The global electronic logging device market accounted for US$ 12.04 Bn in 2018 and was estimated to grow with a CAGR of 5.1% during the forecast period.
The global electric vehicle traction motor market was stood at US$ 1.83 Bn in the year 2018 and predicted to reach US$ 43.90 Bn by the year 2027, expanding at a CAGR of 42.6% during the forecast from 2019 to 2027.
The worldwide market for shock absorbers is expected to drastically grow by 4.5% in the upcoming years. The global shock absorber industry is estimated to be worth $12.6 billion in 2021 and is expected to be worth $16.4 billion by 2028.
The Electric Vehicle Insulation Market is expected to cross market value of USD 7,258.5 million in 2027 from USD 1,647.1 million in 2020. It is expected to grow at a CAGR of over 23.6% during the forecast period.
The global aircraft electrical systems market is anticipated to grow at a substantial CAGR of 6.50% in the upcoming years. The global aircraft electrical systems industry was estimated to be worth USD 20.1 billion in 2021 and was expected to be worth USD 29.33 billion by 2028.
The hybrid electric vehicles market is expected to cross market value of USD 1,170.34 billion in 2027 from USD 250.20 billion in 2020. It is expected to grow at a CAGR of over 28.21% during the forecast period.
The global Electric Vehicle Charging Station Market is expected to cross market value of USD 141.53 billion in 2027 from USD 40.18 billion in 2020. It is expected to grow at a CAGR of over 23.35% during the forecast period.
The global Plug-in Hybrid Electric Vehicles Market is expected to cross market value of 4,263.00 Thousand Units in 2027 from 2068.38 Thousand Units in 2020. It is expected to grow at a CAGR of over 12.81% during the forecast period.
The global Electric Vehicle Infotainment Market is expected to cross market value of USD 117.55 billion in 2027 from USD 5.7 billion in 2020. It is expected to grow at a CAGR of over 65.6% during the forecast period.
The global Electric Vehicle Communication Controllers Market is expected to cross market value of USD 301.36 million in 2027 from USD 57.23 million in 2020. It is expected to grow at a CAGR of over 31.9% during the forecast period.
The industrial electric vehicles market is expected to cross market value of USD 800.71 billion in 2027 from USD 165.21 billion in 2020. It is expected to grow at a CAGR of over 30.1% during the forecast period.
The global Electric Vehicle Polymers Market is expected to cross market value of USD 82.42 billion in 2027 from USD 4.56 billion in 2020. It is expected to grow at a CAGR of over 62% during the forecast period.
The Golf Cart and Neighborhood Electric Vehicle (NEV)Market is expected to cross market value of USD 13,859.9 million in 2027 from USD 5,538.9 million in 2020. It is expected to grow at a CAGR of over 14.2% during the forecast period.
The global Electric Vehicle Range Extender Market is anticipated to have a market value of USD 1,900.32 million in 2027 from USD 1,096.39 million in 2020. It is predicted to reach a CAGR of over 9.6% during the forecast period.
The global Electric Vehicle Connectors market is expected to cross market value of USD 114.20 billion in 2027 from USD 40.93 billion in 2020. It is expected to grow at a CAGR of over 18.7% during the forecast period.
The global Electric Vehicle Supply Equipment Market is expected to cross market value of USD 94.05 billion in 2027 from USD 16.10 billion in 2020. It is expected to grow at a CAGR of over 34.2% during the forecast period.
The Electric Vehicle Charging Cables Market is expected to cross market value of USD 1,807.5 million in 2027 from USD 256.8 million in 2020. It is expected to grow at a CAGR of over 31.1% during the forecast period.
The Electric Vehicle Plastics Market is expected to cross market value of USD 4,880.8 million in 2027 from USD 781.9 million in 2020. It is expected to grow at a CAGR of over 36.1% during the forecast period.
The global Electric Vehicles Fluids and Lubricants Market is anticipated to have a market value of USD 3.31 billion in 2027 from USD 1.20 billion in 2020. It is projected to reach a CAGR of over 18.4% during the forecast period.
The global Silicone in Electric Vehicle Market is expected to cross market value of USD 2.10 billion in 2027 from USD 1.4 billion in 2020. It is expected to grow at a CAGR of over 7.0% during the forecast period.
The global Hybrid and Electric Vehicle Fuses Market is expected to cross market value of USD 2.9 billion in 2027 from USD 0.85 billion in 2020. It is expected to grow at a CAGR of over 22.7% during the forecast period.
The global market is expected to cross market value of USD 352.41 million in 2027 from USD 105.68 million in 2020. It is expected to grow at a CAGR of over 22.23% during the forecast period.
The global Hybrid and Electric Vehicle Integrated Drive Unit Market is expected to cross market value of USD 4.80 Million Units in 2027 from USD 3.9 Million Units in 2020. It is expected to grow at a CAGR of over 3.9% during the forecast period.
The global Off-Highway Electric Vehicles Market is anticipated to cross market value of USD 18.98 billion in 2027 from USD 5.90 billion in 2020. It is predicted to reach a CAGR of over 21.5% during the forecast period.
The global market is expected to cross market value of USD 235.15 million in 2027 from USD 25.83 million in 2020. It is expected to grow at a CAGR of over 44.5% during the forecast period.
The Electric Vehicle Charging Services Market is expected to cross market value of USD 5,787.9 million in 2027 from USD 3,986.4 million in 2020. It is expected to grow at a CAGR of over 5.4% during the forecast period.
The Electric Vehicle Battery Recycling Market is expected to cross market value of USD 2,123.5 million in 2027 from USD 141.6 million in 2020. It is expected to grow at a CAGR of over 38.4% during the forecast period.
The electric vehicle battery materials market is expected to cross market value of USD 10,307.0 million in 2027 from USD 5,674.6 million in 2020. It is expected to grow at a CAGR of over 8.9% during the forecast period.
The Marine Electric Vehicles Market is expected to cross market value of USD 8,521.3 million in 2027 from USD 4,236.2 million in 2020. It is expected to grow at a CAGR of over 10.5% during the forecast period.
The electric vehicle supply chain architecture market is expected to cross market value of USD 29,604.5 million in 2027 from USD 21,295.0 million in 2020. It is expected to grow at a CAGR of over 4.9% during the forecast period.
During the forecast period 2021-2027, the EV charging infrastructure market is expected to grow at a CAGR of 30.4%. The market is estimated to be worth US$ 19.6 billion in 2021 and will generate US$ 125.66 billion by 2027.
The global solid tires market is projected to attain market value of USD 7,924 million in 2027 from USD 5,995 million in 2020. The market is estimated to grow at a CAGR of over 4.3% during the forecast period.
The Electric Vehicle On-board Charger (OBC) Market is expected to cross market value of USD 12,888.6 million in 2027 from USD 2,780 million in 2020. It is expected to grow at a CAGR of over 24.3% during the forecast period.
The electric vehicle reducer market is expected to cross market value of USD 2,148.8 million in 2027 from USD 211.7 million in 2020. It is expected to grow at a CAGR of over 39.25% during the forecast period.
The autonomous electric tractor market is expected to cross market value of USD 2,856.8 million in 2027 from USD 640.3 million in 2020. It is expected to grow at a CAGR of over 24.1% during the forecast period.
The V2X market was valued at US$ 1,044.5 million in 2020, and it is expected to reach over US$ 13,404.1 million by 2027. The market is expected to grow at a CAGR of 44% over the forecast period.
The Global Luxury Travel Market generated revenue of around USD 912.88 billion in 2020 and is anticipated to grow at a CAGR of over 7.98% during the forecast period from 2021 to 2027 to reach around USD 1,808.30 billion in 2027.
The global industrial gas turbine market is anticipated to grow at a substantial CAGR of 5.6% in the upcoming years. The global industrial gas turbines industry was estimated to be worth USD 5.5 billion in 2021 and was expected to be worth USD 7.62 billion by 2028.
The Europe Off-road Bike, Wheel Assembly, Rim industry was estimated to be worth USD xx million in 2021 and was expected to be worth USD xx million by 2028.
The global trash rack cleaning machine Market is anticipated to grow at a substantial CAGR of 3.30% in the upcoming years. The global Internet of Things (IoT) industry was estimated to be worth USD 258.4 million in 2021 and was expected to be worth USD 313.97 billion by 2028.
The cartridge filling machine market is anticipated to grow at a substantial CAGR of xx% in the upcoming years. The cartridge filling machine industry was estimated to be worth USD XX million in 2021 and was expected to be worth USD XX million by 2028.
The global Classic Cars Market is anticipated to grow at a substantial CAGR of 8.7% in the upcoming years. The global Classic Cars industry was estimated to be worth USD 31.1 billion in 2021 and was expected to be worth USD 51.3 billion by 2028.
The global dump trailer market is anticipated to grow at a significant CAGR of XX% during the forecast period. The global dump trailer industry was estimated to be worth USD XX billion in 2021 and was expected to be worth USD XX billion by 2028.
The global tire mold market is anticipated to grow at a substantial CAGR of 1.5% in the upcoming years. The global tire mold industry was estimated to be worth USD 1548.6 million in 2021 and was expected to be worth USD 1693.3 million by 2028.
The global automotive electronic braking system market is anticipated to grow at a substantial CAGR of 5.5 in the upcoming years. The global automotive electronic braking system industry was estimated to be worth USD 729.6 million in 2021 and was expected to be worth USD 1006.1 million by 2028.
The global turbomachinery market is anticipated to grow at a substantial CAGR of XX% in the upcoming years. The global Turbomachinery industry was estimated to be worth USD XX billion in 2022 and was expected to be worth USD XX billion by 2028.
Industry Overview
The automotive and transportation sector is experiencing rapid changes. Regular technical upgrades around a variety of automotive offerings like two wheelers, HCVs and LCVs are the requirement of today.
To prosper in this market, firms are required to deal with this shifting demand along with the price efficient solutions while fulfilling the ecological norms and propel economic pressure. Organizations also require to assess other relevant segments like lubricant segments and fuel segments to assure the feasibility of automotive and transportation sector.
The worldwide economic downturn in year 2009 adversely affected the automotive and transportation sector. This in turn affected the aftermarket industry, which was observed in the slow development of these automotive and transportation markets of USA and Europe. But the enhancements in the gross domestic product across the globe stimulated favorable forecasts for this industry all around the world. The universal automotive and transportation market is benefitted from a big amount of universal vehicles fleet which provide good prospects for substitutes and repairs. A greater use of aftermarket components will prove significant in assisting customers maintain their vehicles for an elongated time.
Automotive original device producers are required to continuously respond to shifting customer demand on the performance of the vehicles. It also incorporates pioneering and reliable technique which supports security and increases fuel efficacy.
The automotive and transportation industry will observe healthy growth and expansion in future. The automotive and transportation market of Asia Pacific zone is predicted to evolve as a market leader in future owing to heavy demand for automotive parts, high industry potential for growth and cost effective production processes in this zone. Further in nations like India and China, original device producers heavily focus on enhancing reliable supply chains to increase their own accomplishment around the industry. In addition to this, the growing significance of electronics equipments and operational incorporation of green parts and sustainable items will further enhance the industrial growth and expansion.
The automotive and transportation market by vehicle type includes different kinds of vehicles like military vehicles, passenger cars, buses, commercial vehicles, heavy trucks, mining vehicles, two wheeled vehicles, specialty vehicles and three wheeled vehicle. The automotive and transportation sector by vehicle kind is led by passenger car vehicles succeeded by commercial car vehicles.
Vehicles running or operating or functioning on gasoline fuel are leading the Asia Pacific Zone while vehicles running on diesel reign supreme in European zone. Vehicles functioning on natural gas, electricity and batteries will gain importance in future due to its cost efficacy. On other hand, the presence of hybrid vehicles is established greater in sub continent of North America, continent of Europe and Japan.