Category: Automobile

According to Future Market Insight, the electric three-wheeler market is expected to reach US$ 866.8 Million in 2023 and US$ 1,523.2 Million by 2033, growing at a CAGR of 5.8% from 2023 to 2033. Electric cars are increasingly preferred as an ecologically friendly and cost-effective means of transportation over traditional vehicles powered by fossil fuels. The rising…

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In 2023, the Automotive Performance Accessories Market is expected to be worth US$ 352.9 million. The market is expected to reach US$ 546.7 million by 2033, expanding at a 4.5% CAGR throughout the forecast period. Automotive performance accessories play a crucial role in enhancing the overall performance, aesthetics and handling of vehicles. These accessories consist of a…

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According to a new study of Future Market Insights (FMI), the automotive remote diagnostics market is projected to record a CAGR of nearly 18.9% through 2028. In 2022, sales in the global market for automotive remote diagnostics are anticipated to reach US$ 11.6 billion. The market size is anticipated to reach US$ 32.9 Billion by 2028. Growth…

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The Hybrid Vehicles Market size is estimated to surpass US$ 232 Billion in 2023 and is anticipated to hit a valuation of US$ 1.6 Trillion by 2033. The hybrid vehicles market share is predicted to thrive at an astronomical CAGR of 21.6% from 2023 to 2033. The expansion of EV infrastructure, including charging stations, is strongly related…

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The golf cart market is projected to rise from US$ 1.41 billion in 2023 to US$ 2.07 billion by 2033. According to FMI, the sales of golf carts are predicted to expand at a CAGR of 3.9% during the forecast period. Various factors contribute to the expansion of the golf cart industry. One key factor is the…

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The global automotive wiring harness market is expected to reach a staggering value of US$ 119.31 billion by 2033, according to Future Market Insight. This projection reflects a CAGR of 8%, highlighting substantial growth compared to the projected value of US$ 55.26 billion in 2023. The automotive industry is experiencing a remarkable trend towards vehicle electrification, driven…

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The automotive glass market is anticipated to secure a valuation of US$ 3.85 billion in 2023 and is estimated to rise to US$ 5.70 billion by 2033. The market is securing a CAGR of 4% during the forecast period.  Government-Imposed Stringent Safety Norms to boost the Automotive Glass Market The implementation of stringent safety norms by the…

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The global cargo bike market is estimated to attain a valuation of US$ 1.4 billion in 2023 and is expected to accumulate US$ 4.2 billion by 2033, rising at a CAGR of 11.6% during the forecast period. Cargo bikes have evolved beyond their traditional role in goods delivery and transportation. They now serve as platforms for various…

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