According to Future Market Insights, the global automotive repair & maintenance services market is expected to be valued at US$ 915.88 billion in 2023. From 2023 to 2033, the market is projected to rise at a CAGR of 7.2% to reach US$ 1,850 billion. Key Takeaways United States automotive repair & maintenance services market is …
Category Archives: Automotive Insights
Electric Scooter Market to cross US$ 24.8 billion by 2033, Says Future Market Insights, Inc.
The electric scooter market is estimated to be worth US$ 10.4 billion in 2023 and is projected to be valued at US$ 24.8 billion by 2033. Between 2023 and 2033, the market is expected to register a CAGR of 9.1%. Key Takeaways From 2018 to 2022, the electric scooter market demand expanded at a CAGR …
Kayak Trolling Motor Market to surpass US$ 641 Million by 2032, Says Future Market Insights, Inc.
The kayak trolling motors market is likely to register a CAGR of 3% during the forecast period, and is anticipated to reach a market share of US$ 641 Million by 2032 from US$ 550 Million in 2020, due to an increase in recreational activity coupled with significant fishing activity around the world. In the global kayak trolling motor …
Mobile Car Wash & Detailing Market to be worth US$ 251.583 billion by 2033
The mobile car wash & detailing market is anticipated to expand by 9% between 2023 and 2033, reaching a market value of US$ 106.271 billion. By 2033, the mobile car wash & detailing business is expected to be worth over US$ 251.583 billion. Key Takeaways The United States might increase its market share by 19.3% …
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Electric Vehicle Motor Market to Hit US$ 18.09 Billion by 2032 | Future Market Insights, Inc.
The global electric vehicle motor market is worth US$ 8.68 Billion as of now and expected to reach US$ 18.09 Billion by the year 2032 at a CAGR of 8.5% between 2022 and 2032. Key Takeaways from Electric Vehicle Motor Market North America holds the largest market share with the US alone contributing for more …
Ambulance Power Inverter Market Share to Reach US$ 112.17 Billion by 2032
The global ambulance power inverter market share is set to witness an impressive growth rate of 5.5% from 2022 to 2032. The ambulance power inverter market size is anticipated to reach a valuation of around US$ 112.17 Billion by the end of the year 2032 from the current valuation of US$ 64 Billion in 2022. Until …
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Vehicle Electrification Market Poised for Strong Growth at 10.3% CAGR, Driven by Electric Vehicle Preference and Sustainability Push
The global vehicle electrification market share is 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 …
Aircraft Refurbishing Market Poised to Reach US$ 5.4 Billion by 2033 at 5.7% CAGR
A recent market research report by Future Market Insights (FMI) offers insights on the aircraft refurbishing market during forecast period 2023 to 2033. The demand for updating aeroplane interiors has increased significantly in recent years, and this market is expected to grow at a CAGR of 5.7% between 2023 and 2033 as a result. According to …
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Bicycle Components Aftermarket To Reach US$ 28.3 Billion by 2033 at 6.9% CAGR
The Bicycle Components Aftermarket in 2022 was US$ 14 Billion and is estimated to be US$ 14.62 Billion in 2023. According to FMI analysis, the bicycle components aftermarket is projected to expand at a CAGR of 6.9% between 2023 and 2033, totaling around US$ 28.3 Billion by 2033. The surge in demand for bicycle components …
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ASEAN Automotive Aftermarket Gears Up for Steady Growth: Market Poised to Reach US$ 55.53 Billion by 2033 at 8.5% CAGR
The ASEAN automotive aftermarket is expected to expand its roots at a steady CAGR of 8.5% during the forecast period. The market is likely to hold a revenue of US$ 24.56 billion in 2023, while it is anticipated to surpass US$ 55.53 billion by 2033. Automotive aftermarket, as the name suggests, implies secondary market pertaining to the …