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  • Oil Immersed Power Transformer Industry - Emerging Trends to Fuel the Global Growth

    The global oil immersed power transformer market is expected to reach USD 28.3 billion by 2028 from an estimated USD 21.2 billion in 2023, at a CAGR of 6.0% during the forecast period. The major factors driving the growth of this market include the rising electricity demand, ongoing infrastructure development, and industrialization worldwide.

    • Published: May 2024

  • Hybrid Train Industry - Forthcoming Trends to Fuel the Global Growth

    The global hybrid train market is projected to grow from 412 units in 2023 to 446 units by 2030, registering a CAGR of 1.1%. The hybrid train market is witnessing a remarkable surge in demand, propelled by a combination of influential factors that are fundamentally reshaping the landscape of rail transportation. In a world marked by rapid urbanization and an escalating need for energy-efficient solutions, hybrid trains have emerged as a transformative force within the industry. This surge in demand is further reinforced by the unwavering commitment of governments and regulatory bodies to champion eco-friendly transportation alternatives, underscoring the critical importance of reducing carbon emissions. As urban areas continue to expand, and environmental concerns take center stage, hybrid trains are leading the charge toward a new era of cleaner, more efficient, and sustainable rail travel, expertly poised to meet the dynamic demands of the modern world.

    • Published: May 2024

  • Hybrid Train Market Size & Share - Future Growth Expectations

    The global hybrid train market is projected to grow from 412 units in 2023 to 446 units by 2030, registering a CAGR of 1.1%. The hybrid train market is witnessing a remarkable surge in demand, propelled by a combination of influential factors that are fundamentally reshaping the landscape of rail transportation. In a world marked by rapid urbanization and an escalating need for energy-efficient solutions, hybrid trains have emerged as a transformative force within the industry. This surge in demand is further reinforced by the unwavering commitment of governments and regulatory bodies to champion eco-friendly transportation alternatives, underscoring the critical importance of reducing carbon emissions. As urban areas continue to expand, and environmental concerns take center stage, hybrid trains are leading the charge toward a new era of cleaner, more efficient, and sustainable rail travel, expertly poised to meet the dynamic demands of the modern world.

    • Published: May 2024

  • Automotive Green Tires Industry - Forthcoming Trends to Fuel the Global Growth

    The global automotive green tires market size is projected to grow from USD 11.5 billion in 2023 to USD 15.8 billion by 2028, at a CAGR of 6.5%. There is a rise in concern regarding the various factors affecting the fuel efficiency and emissions of greenhouse gases into the atmosphere. In order to combat this, governments across the globe have started several initiatives to reduce fuel consumption and release of greenhouse gases. The use of green tires will significantly work toward achieving these targets, as these tires help reduce CO2 emissions.

    • Published: May 2024

  • Laminated Busbar Industry - Emerging Trends to Fuel the Global Growth

    The global laminated busbar market is expected to reach USD 1,296 million by 2030 from an estimated USD 863 million in 2023, at a CAGR of 6.0% during the forecast period. The major factors driving the growth of this market include the infrastructure modernization, growing electricity demand, renewable energy projects, energy efficiency prioritization, technological advancements and adoption of electric vehicle.

    • Published: May 2024

  • Laminated Busbar Market Size & Share - Future Growth Expectations

    The global laminated busbar market size is expected to reach USD 1,296 million by 2030 from an estimated USD 863 million in 2023, at a CAGR of 6.0% during the forecast period. The major factors driving the growth of this market include the infrastructure modernization, growing electricity demand, renewable energy projects, energy efficiency prioritization, technological advancements and adoption of electric vehicle.

    • Published: May 2024

  • Automotive Interior Industry - Forthcoming Trends to Fuel the Global Growth

    The global automotive interior market, by value, is estimated to be USD 157.4 billion in 2023 and is projected to reach USD 194.8 billion by 2028, at a CAGR of 4.4% from 2023 to 2028. In the near future, demand for automotive interior is expected  due rising customer preferences for comfort and luxury in vehicles.

    • Published: May 2024

  • Battery Swapping Industry - Forthcoming Trends to Fuel the Global Growth

    The battery swapping market is projected to grow from USD 1.7 billion in 2022 to USD 11.8 billion by 2027, at a CAGR of 46.9% during the forecast period. Battery swap systems come with integrated CAN (Controller Area Network) and IoT that make continuous tracking of batteries possible. BSOs (Battery swapping operators) utilize these tracking data to calculate current demand and distribute battery stock as efficiently as possible to their swap stations. The BSO can also record driver behavior and identify driving styles thanks to IoT patterns that affect the battery's rate of discharge. Additionally, this information can be used to create specialized subscription plans, insurance policies, and financial items about the vehicle.

    • Published: May 2024

  • Automotive Interior Market Size & Share - Future Growth Expectations

    The global automotive interior market, by value, is estimated to be USD 157.4 billion in 2023 and is projected to reach USD 194.8 billion by 2028, at a CAGR of 4.4% from 2023 to 2028. In the near future, demand for automotive interior is expected  due rising customer preferences for comfort and luxury in vehicles.

    • Published: May 2024

  • Electric Powertrain Industry - Forthcoming Trends to Fuel the Global Growth

    The electric powertrain market size is projected to reach USD 230.5 billion by 2030, from an estimated USD 96.7 billion in 2023, at a CAGR of 13.2%. The market is driven by factors such as an increased focus on the adoption of electric vehicles worldwide owing to the environmental benefits they offer and the strict government regulations that focus on reducing emissions emitted by conventional engines.

    • Published: May 2024

  • Automotive Green Tires Market Size & Share - Future Growth Expectations

    The global automotive green tires market size is projected to grow from USD 11.5 billion in 2023 to USD 15.8 billion by 2028, at a CAGR of 6.5%. There is a rise in concern regarding the various factors affecting the fuel efficiency and emissions of greenhouse gases into the atmosphere. In order to combat this, governments across the globe have started several initiatives to reduce fuel consumption and release of greenhouse gases. The use of green tires will significantly work toward achieving these targets, as these tires help reduce CO2 emissions.

    • Published: May 2024

  • Mercury Analyzer Companies - Teledyne Leeman Labs (US) and Tekran Instruments Corporation (Canada), are the Key Players

    The global mercury analyzer market size is expected to grow from USD 310 million in 2024 to USD 426 million by 2029, at a CAGR of 6.6%. A mercury analyzer is an instrument designed to detect and measure mercury (Hg) concentration in various sample types, including solids, liquids, and gases. The mercury analyzer utilizes techniques such as cold vapor atomic absorption and cold vapor atomic fluorescence spectrometry to separate atomic mercury from the sample's matrix. These analyzers are utilized across various sectors, including environmental monitoring of air, water, and soil; the food industry; oil, gas, and petrochemical industries; healthcare and cosmetics sectors; and research institutes and laboratories.

    • Published: May 2024

  • Healthcare Simulation Industry - Emerging Trends Making Great Impact

    The global healthcare simulation market is projected to reach USD 4.6 billion by 2028 from USD 2.2 billion in 2023, at a high CAGR of 15.7% during the forecast period. The expansion of this market is fueled by the increasing adoption of advanced techniques and methodologies in delivering medical education, along with restricted patient access during medical training. Nevertheless, the market's growth is anticipated to be somewhat hampered by the constrained availability of funds and incomplete replication of medical simulators.

    • Published: May 2024

  • Automotive Transmission Industry - Forthcoming Trends to Fuel the Global Growth

    The automotive transmission market is estimated to grow from USD 62.4 billion in 2023 to USD 84.2 billion by 2028 at a CAGR of 6.2% over the forecast period. The increasing consumer preference for convenience and comfort, coupled with government initiatives promoting electric and hybrid vehicles, are the key drivers for the automotive transmission industry. This trend highlights the rapid expansion of the automotive transmission market, driven by technological advancements. These advancements are crucial for meeting changing consumer preferences and government regulations.

    • Published: May 2024

  • Power Rental Industry - Emerging Trends to Fuel the Global Growth

    The global power rental market is expected to reach USD 14.2 billion by 2029 from USD 10.8 billion in 2024, at a CAGR of 5.6% during the forecast period. The major factors driving the growth of this market include Rapid industrialization in emerging countries of Asia Pacific, integration of power rental generators with renewable energy resources, increasing demand for power supply.

    • Published: May 2024

  • Power Rental Market Size & Share - Future Growth Expectations

    The global power rental market size is expected to reach USD 14.2 billion by 2029 from USD 10.8 billion in 2024, at a CAGR of 5.6% during the forecast period. The major factors driving the growth of this market include Rapid industrialization in emerging countries of Asia Pacific, integration of power rental generators with renewable energy resources, increasing demand for power supply.

    • Published: May 2024

  • Automotive Transmission Market Size & Share - Future Growth Expectations

    The automotive transmission market is estimated to grow from USD 62.4 billion in 2023 to USD 84.2 billion by 2028 at a CAGR of 6.2% over the forecast period. The increasing consumer preference for convenience and comfort, coupled with government initiatives promoting electric and hybrid vehicles, are the key drivers for the automotive transmission industry. This trend highlights the rapid expansion of the automotive transmission market, driven by technological advancements. These advancements are crucial for meeting changing consumer preferences and government regulations.

    • Published: May 2024

  • Electric Coolant Pump Industry - Forthcoming Trends to Fuel the Global Growth

    The electric coolant pump market for electric vehicles is projected to reach USD 3.9 billion by 2030 from an estimated USD 1.9 billion in 2024 at a CAGR of 12.8%  during the forecast period. The base year for the report is 2023, and the forecast period is from 2024 to 2030.

    • Published: May 2024

  • Electric Coolant Pump Market Size & Share - Future Growth Expectations

    The electric coolant pump market is projected to grow from USD 1.9 billion in 2024 to USD 3.9 billion by 2030 at a CAGR of 12.8% during the forecast period. Stringency in emission norms to cut down vehicular emissions and increasing demand for electric vehicles globally are expected to be the primary reasons for the growing electric coolant pump market.

    • Published: May 2024

  • Automotive Ethernet Industry - Forthcoming Trends to Fuel the Global Growth

    The global automotive ethernet market size is projected to grow from USD 2.2 billion in 2023 to USD 5.5 billion by 2028, at a CAGR of 19.7%. Factors such as the increasing complexity of in-vehicle systems, such as advanced driver assistance systems and infotainment, necessitating higher data bandwidth and reliable communication are expected to increase the demand for automotive ethernet. Additionally, the adoption of autonomous driving technologies, standardization efforts for interoperability, and the demand for cost-effective and secure networking solutions contribute to the expanding market for automotive ethernet during the forecast period.

    • Published: May 2024

  • Biomarkers Market Size & Share - Future Growth Expectations

    The global automotive ethernet market size is projected to grow from USD 2.2 billion in 2023 to USD 5.5 billion by 2028, at a CAGR of 19.7%. Factors such as the increasing complexity of in-vehicle systems, such as advanced driver assistance systems and infotainment, necessitating higher data bandwidth and reliable communication are expected to increase the demand for automotive ethernet. Additionally, the adoption of autonomous driving technologies, standardization efforts for interoperability, and the demand for cost-effective and secure networking solutions contribute to the expanding market for automotive ethernet during the forecast period.

    • Published: May 2024

  • Automotive Lighting Industry - Forthcoming Trends to Fuel the Global Growth

    The Automotive Lighting market is projected to grow from an estimated USD 22.5 billion in 2023 to reach USD 30.4 billion by 2030 at a CAGR of 4.4% during the forecast period. The Automotive Lighting market will witness rapid growth owing to the continuous advancement in LED technologies and the rising adoption of these advanced lighting technologies in mid-range and high-end vehicles. Leading lighting manufacturers are highly focused on launching advanced products with innovative technologies, which will serve the rising demand from end users. Increasing awareness about on-road safety and demand for proper vehicle lighting, which improves the vehicle's aesthetic appeal, is fueling the demand for automotive lighting.

    • Published: May 2024

  • Automotive Lighting Market Size & Share - Future Growth Expectations

    The Automotive Lighting market is projected to grow from an estimated USD 22.5 billion in 2023 to reach USD 30.4 billion by 2030 at a CAGR of 4.4% during the forecast period. The Automotive Lighting market will witness rapid growth owing to the continuous advancement in LED technologies and the rising adoption of these advanced lighting technologies in mid-range and high-end vehicles. Leading lighting manufacturers are highly focused on launching advanced products with innovative technologies, which will serve the rising demand from end users. Increasing awareness about on-road safety and demand for proper vehicle lighting, which improves the vehicle's aesthetic appeal, is fueling the demand for automotive lighting.

    • Published: May 2024

  • Plant Growth Regulators Industry - Forthcoming Trends to Fuel the Global Growth

    The plant growth regulators market is anticipated to reach $4.6 billion by 2029, up from $3.3 billion in 2024, reflecting a 7.2% compound annual growth rate during the forecast period in terms of value. The surge in demand for high-value crops is driving increased usage of natural plant growth regulators in agriculture. This is supported by a rising call for sustainable agricultural practices and the upsurge in organic farming, which are contributing to the market's growth. Shifting dietary preferences and the focus on sustainable agriculture are further accelerating market expansion. In essence, these developments underscore the growing importance and adoption of plant growth regulators in modern agriculture, fostering market growth.

    • Published: May 2024

  • Inverter Market Size & Share - Global Future Growth Expectations

    The inverter market is expected to grow from an estimated USD 39.6 billion by 2028 from an estimated USD 18.9 billion in 2023, at a CAGR of 16.0% during the forecast period. The requirement for grid stability, the increasing use of renewable energy sources, and technological developments are some of the factors driving the market's expansion. To address changing customer demands and promote a more sustainable future, major firms are concentrating on product innovation. One example of this is the creation of smart inverters with sophisticated monitoring and control features.

    • Published: May 2024

  • Digital Oilfield Industry - Emerging Trends Fueling Market Growth

    The global digital oilfield market is expected to reach USD 43.0 billion by 2029 from USD 30.1 billion in 2023, at a CAGR of 6.3% during the forecast period. The major factors driving the growth of this market include growing emphasis on maximizing production from mature fields, stringent regulations, and environmental compliances.

    • Published: May 2024

  • Digital Oilfield Market Size & Share - Growth Analysis

    The global digital oilfield market size is expected to reach USD 43.0 billion by 2029 from USD 30.1 billion in 2023, at a CAGR of 6.3% during the forecast period. The major factors driving the growth of this market include growing emphasis on maximizing production from mature fields, stringent regulations, and environmental compliances.

    • Published: May 2024

  • Omega-3 Industry - Forthcoming Trends to Fuel the Global Growth

    The omega-3 market is estimated to be USD 4.36 billion in 2025 and is projected to reach USD 7.76 billion by 2030, at a CAGR of 12.2% from 2025 to 2030. The rising awareness of health benefits, increasing use of omega-3 fatty acids in food and feed products, and the growing adoption of innovative production technologies are the major factors driving the growth of this industry.

    • Published: May 2024

  • Automotive Telematics Industry - Forthcoming Trends to Fuel the Global Growth

    The Automotive Telematics market is projected to grow from an estimated USD 9.0 billion in 2024 to reach USD 16.1 billion by 2030 at a CAGR of 10.1% during the forecast period. This growth is driven by the growing collaborations and tie-ups among OEMs and telematics service providers and the launches of upcoming vehicles equipped with embedded telematics for enhanced safety and comfort. Increasing awareness about on-road safety and demand for advanced telematics services is fueling the demand for automotive telematics.

    • Published: May 2024

  • Instrument Transformers Market - Emerging Trends and Industry Evolution

    The global instrument transformers market is projected to grow from an estimated USD 7.1 billion in 2023 to USD  10.6 billion by 2030, demonstrating a CAGR of 5.8% during the forecasted period. Devices that reduce high voltage or current to levels appropriate for measuring instruments and protective relays are the focus of the instrument transformers market. By offering accurate readings and facilitating effective monitoring and control, these transformers guarantee precision and safety in power systems. They serve sectors like manufacturing, utilities, and renewable energy and are crucial parts of the transmission and distribution of electricity.

    • Published: May 2024

  • Plant Growth Regulators Market Size & Share - Future Growth Expectations

    The plant growth regulators market is expected to grow to $4.6 billion by 2029 from $3.3 billion in 2024, marking a 7.2% compound annual growth rate in terms of value during the forecast period. The rising demand for high-value crops is driving increased utilization of natural plant growth regulators in agriculture. This uptick is supported by the increasing necessity for sustainable agricultural practices and the surge in organic farming, both contributing to the market's expansion.

    • Published: May 2024

  • Instrument Transformers Industry - Forthcoming Trends to Fuel the Global Growth

    The global instrument transformers market is projected to grow from an estimated USD 7.1 billion in 2023 to USD  10.6 billion by 2030, demonstrating a CAGR of 5.8% during the forecasted period. Grid modernization, the integration of renewable energy sources, and the rising demand for electricity are the main drivers of the industry, and technological and infrastructural breakthroughs are expected to drive further expansion.

    • Published: May 2024

  • Global Machine Tools Industry - Forthcoming Trends to Fuel the Global Growth

    The global machine tools market is projected to grow from USD 78.6 billion in 2023 to USD 104.7 billion by 2030, registering a CAGR of 4.2%. The increasing demand for machine tools is driven by various factors such as CNC (Computer Numerical Control), Industry 4.0, additive manufacturing, advanced materials, increased demand for customization. Rapid industrialization in emerging economies, particularly in Asia-Pacific regions like China and India, creates significant opportunities for the machine tools market due to increased investment in manufacturing.

    • Published: May 2024

  • Global Machine Tools Market Size & Share - Future Growth Expectations

    The global machine tools market is projected to grow from USD 78.6 billion in 2023 to USD 104.7 billion by 2030, registering a CAGR of 4.2%. The increasing demand for machine tools is driven by various factors such as CNC (Computer Numerical Control), Industry 4.0, additive manufacturing, advanced materials, increased demand for customization. Rapid industrialization in emerging economies, particularly in Asia-Pacific regions like China and India, creates significant opportunities for the machine tools market due to increased investment in manufacturing.

    • Published: May 2024

  • Autonomous Train Industry - Forthcoming Trends to Fuel the Global Growth

    The autonomous train market is projected to reach USD 18.9 billion by 2030 from USD 13.6 billion in 2024 at a CAGR of 5.7%. The rise in demand for safety, security, and efficient mode of transportation across the globe is driving the autonomous train market. The increase in government funding allocated towards mass transit and efficient mode of transportation would boost the demand for autonomous train in the forecast period.

    • Published: May 2024

  • Autonomous Train Market Size & Share - Future Growth Expectations

    The autonomous train market is projected to reach USD 18.9 billion by 2030 from USD 13.6 billion in 2024 at a CAGR of 5.7%. The rise in demand for safety, security, and efficient mode of transportation across the globe is driving the autonomous train market. The increase in government funding allocated towards mass transit and efficient mode of transportation would boost the demand for autonomous train in the forecast period.

    • Published: May 2024

  • ADAS Industry - Forthcoming Trends to Fuel the Global Growth

    The global ADAS market size is projected to grow from 334 Million Units in 2024 to 665 Million Units by 2030 at a CAGR of 11.9%. Factors such as safety regulations imposed by lawmakers, including adaptive emergency braking and tire pressure monitoring systems in vehicles, technological advancement in ADAS, and rising demand for semi-autonomous and autonomous vehicles are expected to increase the demand for ADAS.

    • Published: May 2024

  • ADAS Market Size & Share - Future Growth Expectations

    The global ADAS market size is projected to grow from 334 Million Units in 2024 to 665 Million Units by 2030 at a CAGR of 11.9%. Factors such as safety regulations imposed by lawmakers, including adaptive emergency braking and tire pressure monitoring systems in vehicles, technological advancement in ADAS, and rising demand for semi-autonomous and autonomous vehicles are expected to increase the demand for ADAS.

    • Published: May 2024

  • Automotive Filters Industry - Forthcoming Trends to Fuel the Global Growth

    The global automotive filters market is projected to grow from USD 12.9 billion in 2024 to USD 14.6 billion by 2030, at a CAGR of 2.1% during the forecast period. Increased stringent emission & fuel economy norms, rise in electric & hybrid vehicle sales, and growing vehicle parc and increase in average miles driven annually are expected to be key factors driving the automotive filters market.

    • Published: May 2024

  • Automotive Filters Market Size & Share - Future Growth Expectations

    The global automotive filters market is projected to grow from USD 12.9 billion in 2024 to USD 14.6 billion by 2030, at a CAGR of 2.1% during the forecast period. Increased stringent emission & fuel economy norms, rise in electric & hybrid vehicle sales, and growing vehicle parc and increase in average miles driven annually are expected to be key factors driving the automotive filters market.

    • Published: May 2024

  • OTR Tires Industry - Forthcoming Trends to Fuel the Global Growth

    The OTR tires market is estimated to grow from USD 4.8 billion in 2024 to USD 7.0 billion by 2030 at a CAGR of 6.5% during the forecast period. Increasing demand for off-highway vehicles due to increased infrastructure development activities, higher demand for mining products, and improved agricultural mechanization. With these, the average work hours for this equipment have also increased, leading to growth and advancements in the OTR tires OE and aftermarket.

    • Published: May 2024

  • OTR Tires Market Size & Share - Future Growth Expectations

    The OTR tires market is estimated to grow from USD 4.8 billion in 2024 to USD 7.0 billion by 2030 at a CAGR of 6.5% during the forecast period. Increasing demand for off-highway vehicles due to increased infrastructure development activities, higher demand for mining products, and improved agricultural mechanization. With these, the average work hours for this equipment have also increased, leading to growth and advancements in the OTR tires OE and aftermarket.

    • Published: May 2024

  • Gas Insulated Switchgear Market Size, Share, Growth Analysis & Forecast

    The global gas insulated switchgear market is projected to reach USD 31.6 billion by 2028 from USD 23.8 billion in 2023, at a CAGR of 5.8% during the forecast period. The major factors driving the growth of this market primarily due to the expected strengthening of power distribution infrastructure in response to the growing demand for electricity.

    • Published: May 2024

  • Inverter Industry - Impact of Emerging Trends on Future Growth

    The global inverter market is projected to reach USD 39.6 billion by 2028 from an estimated USD 18.9 billion in 2023, at a CAGR of 16.0% during the forecast period. An extensive variety of electrical devices, such as solar panels, electric cars, and HVAC systems, depend on inverters to convert DC electricity into AC power. The requirement for grid stability, the increasing use of renewable energy sources, and technological developments are some of the factors driving the market's expansion.

    • Published: May 2024

  • Non-meat Ingredients Industry - Forthcoming Trends to Fuel the Global Growth

    The global non-meat ingredients market is expected to witness significant growth, with a projected value of USD 51.1 billion by 2029, up from USD 41.2 billion in 2024, representing a promising Compound Annual Growth Rate (CAGR) of 4.4%. The increasing global consumption of meat, fueled by population growth and urbanization, has led meat producers to address rising demand while maintaining product quality and safety. Non-meat ingredients are pivotal in this endeavor, enhancing the sensory characteristics, texture, flavor, and shelf-life of meat products.

    • Published: May 2024

  • Non-meat Ingredients Market Size & Share - Future Growth Expectations

    The non-meat ingredients market is poised for substantial expansion, projected to reach a value of USD 51.1 billion by 2029, up from USD 41.2 billion in 2024, with a promising Compound Annual Growth Rate (CAGR) of 4.4%. The surge in global meat consumption, driven by population growth and urbanization, has prompted meat producers to meet escalating demand while ensuring product quality and safety. Non-meat ingredients play a crucial role in this pursuit by improving sensory attributes, texture, flavor, and shelf-life of meat products.

    • Published: May 2024

  • Omega-3 Market Size & Share - Future Growth Expectations

    The omega-3 market is estimated to be USD 4.36 billion in 2025 and is projected to reach USD 7.76 billion by 2030, at a CAGR of 12.2% from 2025 to 2030. The major factors driving the growth of this market include the rising awareness of health benefits, increasing use of omega-3 fatty acids in food and feed products, and the growing adoption of innovative production technologies.

    • Published: May 2024

  • Industrial Vehicles Industry - Forthcoming Trends to Fuel the Global Growth

    The global industrial vehicles market size is projected to grow from USD 43.1 Billion in 2024 to USD 56.7 Billion by 2030, at a CAGR of 4.6%. The industrial vehicles market is expected to rise in the coming years due to increasing automation and adoption of advanced technologies, driving demand for specialized vehicles for various industrial applications. Additionally, growing infrastructure development projects and expanding manufacturing sectors worldwide fuel the need for efficient material handling and transportation solutions, further propelling the growth of the industrial vehicles market during the forecast period.

    • Published: May 2024

  • Electric Mid- and Large (9-14m) Bus Industry - Forthcoming Trends to Fuel the Global Growth

    The electric mid- and large (9-14m) bus market is projected to cross 171,000 units by 2030 from an estimated 66,593 units in 2023, at a CAGR of 14.4% during the forecast period. The base year for the report is 2022, and the forecast period is 2023 to 2030. The market is expected to witness rapid growth due to the increasing government policies to reduce GHG emissions, and advances in battery technology, reducing costs with improved range, would enhance the growth of electric mid- and large buses.

    • Published: May 2024

  • Industrial Vehicles Market Size & Share - Future Growth Expectations

    The global industrial vehicles market size is projected to grow from USD 43.1 Billion in 2024 to USD 56.7 Billion by 2030, at a CAGR of 4.6%. The industrial vehicles market is expected to rise in the coming years due to increasing automation and adoption of advanced technologies, driving demand for specialized vehicles for various industrial applications. Additionally, growing infrastructure development projects and expanding manufacturing sectors worldwide fuel the need for efficient material handling and transportation solutions, further propelling the growth of the industrial vehicles market during the forecast period.

    • Published: May 2024

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