The global automotive pump market is estimated to grow from USD 14.8 billion in 2022 to USD 18.0 billion by 2027, at a CAGR of 4.1%. Major vehicle manufacturers across the globe are focusing on introducing fuel-efficient vehicles to cater to the increased demand from consumers. Moreover, to curb rising pollution, several countries have implemented...
The automotive windshield washer system market is expected to grow from US$ 6435.4 million in 2021 to US$ 9234.3 million by 2028; it is estimated to grow at a CAGR of 5.3% from 2021 to 2028. Sustainable competitive advantage plays a significant role as many automotive windshield washer system market players offer products, components,...
The Global Automotive Balance Shaft Market size is expected to reach $13.2 billion by 2027, rising at a market growth of 4.1% CAGR during the forecast period. A balance shaft is a weighted shaft that is used to dampen vibrations in a vehicle’s engine. A balance shaft system consists of two shafts that rotate in opposite directions at...
Major players in the dashboard camera market are Panasonic Corporation, ABEO Technology, DOD Tech, Pittasoft Co. Ltd., HP Development Company LP, Cobra Electronics Co., Hewlett-Packard, Harman International Industries Inc., Falcon Zero LLC, 360 (QIHU), and Thinkware. The global dashboard camera market is expected to grow from $2.59...
The global machine condition monitoring market is expected to grow from USD 2.8 Billion in 2022 to USD 4.0 Billion by 2027, at a CAGR of 7.8% during 2022?2027. Increasing use of vibration sensors and vibration analyzers for vibration monitoring and rising inclination of several industries towards predictive maintenance techniques are some...
The global automotive brake shims market is expected to grow from US$ 540.78 million in 2021 to US$ 705.11 million by 2028; it is estimated to grow at a CAGR of 3.9% from 2021 to 2028 Factors such as the rising need for disc brake systems for improving safety & driving experience and increasing demand for passenger vehicles are influencing...
The global automotive thermal management market is valued at USD 84.22 billion in 2021 and is expected to reach USD 118.63 billion in 2027 registering a CAGR of 5.87% during the forecast period, 2022-2027. Despite high demand from both IC engines and electric vehicles, the market was severely affected by the COVID-19 pandemic, when...
The global automotive brake pad market is expected to grow from US$ 2,580.57 million in 2021 to US$ 3,342.58 million by 2028. It is estimated to grow at a CAGR of 3.8% from 2020 to 2028. The rising demand for passenger cars and stricter vehicle safety norms is driving the automotive brake pad market significantly.Manufacturers are improving...
The HMA market is projected to grow from USD 9.1 Billion in 2022 to USD 11.4 Billion by 2027, at a CAGR of 4.8% between 2022 and 2027. The opportunities related to increased use of HMA in road marking applications are driving the growth of the market. Packaging solutions application segment is estimated to be the largest segment of...
The global automotive backing plate market share is expected to grow from US$ 590.61 million in 2021 to US$ 771.30 million by 2028; it is estimated to grow at a CAGR of 3.9% from 2021 to 2028. The air braking systems are commonly found in heavy vehicles, such as trucks and buses, where the brake pedal is pressed or pushed, similar to other...