Research Report

 The market for CNG and LPG vehicles is anticipated to grow at a moderate rate (CAGR) of 4.5% over the forecast period. The market for CNG and LPG vehicles is currently estimated to be worth US$ 5243.3 million in 2022. The market value of the CNG and LPG cars market is predicted to reach a peak of US$ 8153.1 million by the year 2032. The compressed natural gas (CNG) and liquefied petroleum gas (LPG) vehicles market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving CNG and LPG vehicles market. LPG is highly inflammable combination of hydrocarbons with high calorif...

 As per Future Market Insights (FMI), the global automotive wiper blades market size is anticipated to grow from US$ 4.71 Bn in 2022 to US$ 8.4 Bn by 2032, exhibiting a CAGR of 5.9% between 2022 and 2032. Rising production and sales of passenger vehicles, increasing demand for wiper blades from aged vehicles, and advancement in wiper technology are some of the key factors driving growth in the global automotive wiper blades market. One of the most significant factors propelling the automotive wiper blades business is the growing worldwide automobile manufacturing. Over the years, rising disposable income and changing lifestyle have resulted in the surge in middle-class vehicle ownership and this trend is likely to continue during the forecast period. To meet this vehicle demand, automotive manufacturers are ramping up their manufacturing capacities, thereby creating opportunities for automotive wiper blades market growth. Similarly, increasing use of rear wiper blad...

 The global demand for aerospace fasteners is projected to reach US$ 7,834.5 million in 2022, expanding at a steady CAGR of 6.4% from 2017 to 2022. By 2032, the aerospace fasteners market is projected to be worth US$ 14,568.9 million. According to research conducted by Future Market Insights, the aerospace fasteners market has historically grown at a CAGR of 4.8%. As airlines seek to reduce their carbon footprint, they are expected to increase their use of lightweight materials like titanium and aluminum aircraft fasteners. In addition, the emergence of new competitors is expected to usher in fresh aerospace fasteners market growth prospects. Standard aircraft fasteners like screws, nuts, rivets, and bolts are widely used in the aircraft sector. There are likely to be a lot of new opportunities for aircraft fastener manufacturers in the next decade as commercial and military aircraft demand rises. Demand for lightweight fasteners that can minimize fuel consumption and...

 As per the report published by FMI, the global automotive smart antenna market is projected to have a rapid-paced CAGR of 12.2% during the forecast period. The current valuation of the market is US$ 3.94 Billion in 2022. The market value of automotive smart antennas is anticipated to reach a high of US$ 12.45 Billion by the year 2032. The base year recorded a valuation of US$ 3.44 Billion. The automotive smart antenna is anticipated to play an integral role in establishing communication to enhance the safety and performance of the vehicles. This product is allowing original equipment manufacturers (OEMs) to fulfill customer requirements for infotainment services. While analyzing the automotive smart antenna market, an expert analyst reveals that gradual increase in the incorporation of wireless technology and positioning technologies such as Wi-Fi, Bluetooth, 3G/4 LTE, vehicle-to-vehicle (V2V), and vehicle-to-anything (V2X) connecting technologies in vehicles is exp...

 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 Higher efficiency, driving range, stability, and assistance for enhanced electric vehicle performance comparable to Internal Combustion Engine (ICE) vehicles are driving the automotive in-wheel motors market. By incorporating power electronic devices into the system, it helps to reduce the number of vehicle parts, complexity, and cost. The system can also be consolidated with regenerative braking to enhance efficiency and boost the distance covered per charge. Element of Limitation The use of in-wheel motor technology in a vehicle raises unsprung w...

 As per the report published by FMI, the global automotive stamping market is projected to have a rapid-paced CAGR of 5.3% during the forecast period. The current valuation of the market is US$ 10,490.0 Million in 2022. The market value of automotive stamping is anticipated to reach a high of US$ 17,581.6 Million by the year 2032. Automotive stamping is gaining wide usage due to the rising vehicle production across the globe. According to the findings of Future Market Insights, growing technological advancements like hydraulic metal stamping, hybrid electromagnetic sheet stamping, and laser metal stamping enable the manufacturers in the market to reduce the overall cost and are likely to fuel the automotive stamping market. In addition to that, it is anticipated by the expert analysts at FMI that high growth in the export of automotive components for engine and transmission parts is likely to boost the growth of the automotive stamping market. However, FMI has analyz...

 The global EV charging cables market is anticipated to register a phenomenal growth rate of about 27.5% during the forecast period from 2022 to 2032, with an expected valuation of US$ 598.2 Million in 2022 and totaling around US$ 6,791.2 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. Key Takeaways The implementation of electric vehicles is expanding in several countries all over the world with heavy investments in research and development in this ...

 As per the report published by FMI, the global crawler excavator market is projected to have a slow-paced CAGR of 2.7% during the forecast period. The current valuation of the market is US$ 49.08 Billion in 2022. The market value of crawler excavators is anticipated to reach a high of US$ 64.07 Billion by the year 2032. Crawler excavators are gaining rapid traction due to their increasing application in the construction and mining industry. The surge in mining activities is a major aspect expected to drive the growth of the crawler excavator market during the period 2022-2032. Besides, the features of crawler excavators are suitable for muddy conditions, and they have the capacity to carry huge weight, potentially fueling the market share of these vehicles.   It is anticipated by the expert analysts at FMI that increasing demand for crawler excavators is attributed to investments by developed countries, favorable government policies and FDIs, shifting focus tow...

 The automotive engine valve market is valued at US$ 6.2 bn as on 2022. In 2021, it had a valuation of US$ 5.89 bn. The market is projected to grow at a CAGR of 2.3% during the forecast period. By 2032, the market is anticipated to hold a valuation of US$ 7.78 bn. They play a crucial role in sealing the combustion gases, when the engine undergoes combustion process. This ensures that the engine does not get overheated. This is expected to drive the demand for automotive engine valve during the forecast period. Moreover, there are different kinds of automotive engine valve types, automotive engine valve material. This provides the option of customisation as well as flexibility. Additionally, they are also effective in reducing the size of the vehicle without impacting its performance. This gives a look and feel to the vehicle. This is expected to drive the sales of automotive engine valve during the forecast period. Furthermore, technological advancements are happening...

 During the projection period, sales of electric bikes are anticipated to grow at a CAGR of 10%. The electric bike market is expected to grow from US$ 52.05 Bn in 2022 to US$ 122.1 Bn in 2032. The multiple benefits that electric bikes offer are anticipated to be the primary drivers of electric bikes market growth. Electric bikes are a practical, flexible, eco-friendly, and fashionable mode of transportation. Consumers believe that e-bikes are the best alternative to scooters, smart cars, and public transportation. The electric bike market size is expected to increase as a result of a number of factors, including the implementation of government legislation to encourage the adoption of electric bikes and customer preference for utilising e-bikes as an eco-friendly and efficient commute alternative. Customers are more likely to use low- or no-carbon-dioxide alternatives to public transit. It is predicted that the growing demand for electric bikes in the transportation ...

 The global electric scooters market is anticipated to grow at a CAGR of 9% during the forecast period. In 2021, the market valuation was US$ 8.8 billion. However, in 2022, the valuation jumped to US$ 9.59 billion, and by 2032, the market is expected to have a valuation of US$ 22.70 billion. The electric scooters are believed to be one of the easiest modes of commutation. Therefore, they are being increasingly used by ridesharing companies. Moreover, the charges associated with the usage are also nominal. Electric scooters are also popular amongst the investors, as they do not produce much noise while plying on roads, and this is something which the authorities across the world look out for. Additionally, they also do not emit greenhouse gases. Because of this reason, the governments and other governing authorities across the globe are putting huge amounts of money to promote the manufacturing of electric scooters. This is expected to increase the sales of electric s...

 The golf cart market is anticipated to reach a valuation of US$ 1.34 billion in 2022, according to a recent market analysis by Future Market Insights (FMI). Through 2032, the market is predicted to expand at a CAGR of 3.9%. The need for low-speed vehicles has increased for a number of functions, including short-distance commuting in parks, commercial districts, colleges, and other locations. As a result, the golf cart market is growing. Moreover, future infrastructure and equipment developments are likely to help the industry as the leisure and tourist sector expands. Demand for golf cart is expected to rise as utility vehicles gain more and more use outside of golf courses. After the pandemic, it's expected that restrictions are lifted and market demand can return to its pre-pandemic levels. Additionally, due to its modular architecture and variety of modification options, golf carts can be modified to match the needs of final consumers, enabling the owner to run ...

 The global electric vehicle battery market is anticipated to reach a valuation of US$ 18.09 Bn in 2032, with the market growing at a positive CAGR of 8.5% over the forecast period of 2022 to 2032. Scaling up from an estimated US$ 8.68 Bn in 2022, the electric vehicle market is driven by technological advancements, the growing usage of lithium-ion batteries, and increasing fuel prices. A surge in the sales of hybrid/ electric vehicles also augment the market growth of electric vehicle batteries during this period. The rising adoption of new and advanced battery management systems and improved batteries coupled with the increasing preference for EVs due to high fuel prices are propelling the market growth of electric vehicle batteries. The heightened adoption of EVs has resulted in more and more innovations in the industry. Many manufacturers are upgrading EV components like batteries, motors, and others. This, too, contributes to the growth of the target market. The ...

 The global automotive wire & cable materials market is expected to showcase lucrative growth opportunities over the projection period from 2022 to 2032 by exhibiting an opulent CAGR of 6.1%, the market was valued at US$ 4,535.0 Mn in 2021 and is anticipated to surpass US$ 8,732.3 Mn by 2032. On the basis of material type, the PVC segment is set to account for more than 46.9% of the global automotive wire & cable materials market share in the evaluation period. As per the historical data published by FMI, the global automotive wire & cable materials market grew at a stable CAGR of 3.4% between 2014 and 2021. In comparison with the present estimations, the automotive wire & cables materials market is anticipated to reach US$ 4,830.3 Mn in 2022.  As per FMI, the automotive wire & cable materials market is anticipated to grow by 1.8X in 2032, as compared to 2022. The automotive wire & cable market is expected to surge at a phenomenal growth ...

 According to a research by FMI, the global automotive trailer drawbar market is projected to develop significantly at a pace of 9.3% through 2032 that currently is valued at about US$ 259.1  Million 2022. In 2032, the market is expected to be worth around US$ 561.4 Million by the end of year 2032 as per the new research report on automotive trailer drawbar market. In the next few years, the automotive trailer drawbar business is expected to be supported by its rising demand across a variety of industries, including production process, logistics, and development. The said market is also getting highly promising as electrical trailer drawbars are increasingly used in commercial vehicles these days for quick performance and better efficiency. Modern trends have seen a rise in the need for effective logistics and transportation strategies due to rising trade volume and a large global corporate population. The sales of automobile trailer...

 The overall size of the worldwide automotive cowl screen market is anticipated to reach US$ 451.9 Million in the year 2022 and is anticipated to develop steadily at an impressive CAGR of 8.2% from 2022 to 2032. As per the FMI automotive cowl screen market analysis report the total value of the market is predicted to reach US$ 993.8 Million by the end of this forecast year in 2032. Further demand for automobile cowl screens is anticipated to be driven by rising small car sales and manufacturing as well as increased commercial vehicle in the automotive sector. As per the ACEA estimates in the year 2021, about 9.9 million passenger automobiles were produced in the European Union, a decrease of 7.7% from 2020. One of the key elements that is anticipated to support the need for automobile cowl screens throughout Europe is the existence of major automotive parts manufacturers in the countries of Germany, Italy, and the...

 The global automotive sparking cable market is anticipated to attain US$ 782.9 Million in 2022, with a CAGR of 11.6% from 2022 to 2032. According to FMI, the market to be worth US$ 945.4 million in 2032. Continuous advancements in automotive technologies, as well as the growing demand for lower energy consumption in today's modern vehicles, are expected to drive sales of automotive sparking cables in the coming years. The automotive sparking cable market is expected to be driven by rising demand for novel sparking cables with high mechanical strength, temperature resistance, and dielectric strength. Intensifying Passenger Car and Commercial Vehicle Demand to Push Automotive Sparking Cable Market Growth One of the major factors predicted to propel the market for automotive sparking cable is the presence of a large number of manufacturers and distributors around the world offering both low-cost and high-quality automotive sparking cables. The integration of improved au...

 The global vehicle electrification market is expected to be worth $ 72 billion in 2021, growing at a CAGR of 10.3% during the forecast period. The vehicle electrification market is expected to grow significantly in the coming years as a result of the preference for electrified vehicles among automotive and automobile manufacturers, as well as the increasing emphasis on environmentally friendly alternatives in automobiles. Vehicle electrification, in line with sustainable transportation facilities, enables both vehicle manufacturers and end-users to benefit from it, transforming how transportation is perceived and contributing to vehicle electrification market growth. Crucial Drivers Steering Vehicle Electrification Market Growth Increasing conventional fuel prices, as well as increased sales of electric vehicles, may accelerate vehicle electrification market growth. Consumer demand for more fuel-efficient vehicles, stricter emission standards, and increased environm...