Crawler excavators continue to gain popularity across the globe owing to their exceptional features such as high lifting capacity, flexibility and mechanical power. Demand for advanced crawler excavators is increasing at a substantial level in mining and construction activities. Infrastructural…
According to a recent report by Future Market Insights (FMI), the bicycle components aftermarket is projected to grow at CAGR of 7.0% from 2021 to 2031, surpassing US$ 26.5 Bn. The demand for bicycle components is associated with the rise in demand for bicycles….
The global market for automotive microcontrollers has been projected to exhibit a staggering 13.7% CAGR during 2017 to 2022, according to a latest research by Future Market Insights (FMI). The global automotive microcontrollers market is estimated to surpass US$ 1,500 Mn in…
According to ESOMAR-certified Future Market Insights (FMI), automotive lighting sales have been increasing significantly in response to the growing demand for better safety systems across the globe. As per the study, the global automotive lighting market is anticipated to grow at around…
According to ESOMAR-certified Future Market Insights’ (FMI), demand for automotive tire is expected to rise considerably, enabling the automotive tire market to grow at 6.0% CAGR throughout the forecast period between 2021 and 2031. Newly released data by Future Market Insights predicts the global automotive…
Substantial increase in the investment for automated driving activities and development of electric vehicles charging infrastructure across the globe are expected to remain key defining factors in the global automotive wiring harness market. As per FMI’s analysis, the global automotive wiring…
Automotive bearings are accountable for smooth, economical and frictionless running of automobiles. They are present in almost every part of the automobile to ensure movement safety, load handling as well as balance. Several types of bearings are used in automobiles….
The global demand for automotive glass has declined significantly in 2020, with the Covid-19 pandemic restricting automotive production and reducing new orders in the manufacturing sector. However, long-term prospects remain bullish, with a new report by FMI projecting 4% CAGR through 2030….
Over the past few years, the adoption of electric vehicles (EVs) such as battery electric vehicle (BEV) and plug-in hybrid electric vehicles (PHEV) in developed countries such as, North America and Europe has increased multi-fold. While these developments are being…
Advent of new technologies, rising prevalence of autonomous vehicles, and adoption of consumer-centered business models are triggering tectonic shifts in automotive industry. The effect of these trends is also evident in smaller areas of the industry such as automotive wheel…