The global demand for cargo bikes is expected to rise at 10.8% year-on-year in 2021 with sales reaching over US$ 900 million. Future Market Insights (FMI) projects the cargo bike market to grow at 11.6% CAGR between 2021 and 2031. With the rise of e-commerce operations, logistical flows…
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The electric kick scooter market will register soaring growth in 2021 with global revenue projected to be up by 9.8% year over year. As per Future Market Insights analysis, electric kick scooter sales will nearly triple between 2021 and 2031, reaching US$ 6.5…
Due to the rising demand throughout the course of the forecast period, a CAGR of 3.90% is predicted for the worldwide automotive AC compressor market. It is projected to increase in value from US$ 9,342.1 Mn in 2022 to US$…
In automotive industry, carbon brake rotors are mostly used in high performance cars, motor sports vehicles, and heavy vehicles which requires advanced braking system. Carbon brake rotors are designed to withstand the intense heat that occurs during the braking. Carbon brake rotors…
Automotive Belts are power transmission belts that provide a connective link between two parallel rotating shafts, these shafts are fixed with pulleys upon which the belt is looped. Hence, power transmission occurs by friction from the driving shaft to the…
By the conclusion of the forecast period, the market for automotive soft trim interior materials is expected to grow from US$ 5743.6 million in 2022 to US$ 9179 million, representing a CAGR of 4.8%. Automotive Soft Trim Interior popularly known…
Growing focus on active safety to decrease road accidents has shifted the focus of OEMs towards developing and incorporating new and advanced automotive radar systems. According to ‘Association for Safe International Road Travel’ (ASIRT), nearly 3,287 deaths per day are reported globally…
The Automotive Front End Modules (FEMs) are typically multi piece assemblies with integrated number of components. These components are forward lighting, radiators & cooling fans, grille-opening reinforcement (GOR) panels, air conditioning (A/C) condensers, crumple zones, hood latches, bumpers and electronics…
In 2022, the market for aerospace fasteners will likely be worth US$ 7,834.5 million and is anticipated to grow at a moderate rate of 6.4% CAGR. By 2032, the market is projected to increase in size and reach US$ 14,568.9…
In 2022, the market for autonomous vehicles is projected to be worth US$ 35,282.8 million. During the forecast period, creating supporting regulatory frameworks, government financing, and investments in digital infrastructure are anticipated to have a significant beneficial impact on the…