The automotive lighting market was valued at USD 26.49 billion in 2020, and it is expected to reach USD 39.77 billion by 2026, projecting a CAGR 6.55% during the forecast period. Global sales of cars and SUVs fell to just under 77 million units in 2020, down from a peak of almost 94.35 million units in 2017. The sector is projected...
The automotive driveshaft market is valued at USD 29.15 billion in 2020 and is expected to reach USD 39.67 billion in 2026 and is anticipated to register a CAGR of about 4.93% during the forecast period (2021-2026). The outbreak of pandemic COVID-19, impacted the whole supplychain for the market as demand side (i.e. OEMs) plants were...
The African automotive market is valued at USD 28.45 billion in 2020, and it is expected to reach USD 39.87 billion by 2026, registering a CAGR of 5.55% over the forecast period. However, the outbreak of pandemic COVID-19, impaced the market very badly and majority of markets in the region have not recovered and the demand is still...
The market for polyimide films is expected to expand at a CAGR of over 7% during the forecast period. Major factors driving the market studied is the increasing demand from the electronics industry. High processing cost of polyimide films is one of the major challenges witnessed in the polyimide films market - Increasing adoption of...
The global electric vehicle charging station market size is projected to reach 4,389 thousand units sales by 2026, from an estimated 2,135 thousand units in 2021, at a CAGR of 15.5%. Governments are supporting CNG and LPG vehicles through subsidies & tax rebates for using low emission vehicles and working in collaboration with such OEM’s to...
China’s demand for Motor Vehicles has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, import & export, consumer consumption...
The engine management system market is projected to grow to USD 63.2 billion by 2025 from USD 58.8 billion in 2020, at a CAGR of 1.5% during the forecast period. The major driving factors for the engine management system industry are stringent emission norms, fuel efficiency regulations and growing vehicle production around the globe. However,...
The metal matrix composites market is expected to grow at with a CAGR greater than 5% during the forecast period. One of the major factors driving the market is the higher specific strength and modulus of metal matrix composites market. However, lack of experienced workforce for manufacturing metal matrix composites is likely to hinder the...
Keep on trucking: Recovering corporate profit should encourage businesses to continue using industry products Abstract Truck & Bus Manufacturing in the US Operators in the Truck and Bus Manufacturing industry have experienced volatile swings over the five years to 2019. Industry manufacturers have experienced...
Open road: Revenue is expected to increase due to pent-up demand from consumers Abstract Recreational Vehicle Dealers in the US Operators in the Recreational Vehicle Dealers industry sell new and used motorized or towed recreational vehicles (RVs), accessories and parts for RVs and provide repair services....