The global online powersports market is anticipated to grow at a considerable CAGR of 4.3% during the forecast period. The increasing number of off-road and recreational activities across the globe is one of the prime factors affecting and driving the market for online powersports. There have been increasing trends of formula off-road racing programs such as Britpart […]
Category Archives: Automotive
The global Naval Vessels market is anticipated to grow at a considerable CAGR of 12.8% during the forecast period. Aircraft carriers are the largest warships in the naval fleet as they require a large amount of deck room, and this factor is accelerating the demand for naval vessels. For instance, China’s People’s Liberation Army Navy […]
The global mortar ammunition market is anticipated to grow at a considerable CAGR of 4.8% during the forecast period. The increased investments and procurement of advanced precision-guided mortar ammunition are anticipated to boost the market’s growth during the forecast period. For instance, Elbit Systems has been awarded a USD 30 million contract to supply STYLET, a precision […]
The global automotive image sensors market is anticipated to grow at a CAGR of 11.3% during the forecast period (2023-2030). With the growing demand for smart features in automobiles, companies are focusing on various R&D activities and portfolio expansion to stay competitive. For instance, In September 2023, Sony Semiconductor Solutions Corp. (SSS) released an automotive image sensor, […]
The global shock absorber market is anticipated to grow at a considerable CAGR of 12.2% during the forecast period. One of the major factors that are growing the market includes technological advancement in the shock-absorbing industry which is supporting in the improvement of a vehicle’s performance, and consumers’ experience. Over the past few years, the demand for […]
Indian tire market is expected to witness significant growth at a CAGR of 5.1% during the forecast period. Till 2018, the country was one of the fastest-growing automotive markets all across the globe, however, a downfall in vehicle sales in 2019 & 2020 (due to the COVID-19 pandemic) has been witnessed in the country. However, […]
Germany’s tire market is projected to witness a modest growth at a CAGR of 2.2% during the forecast period. The country is one of the largest manufactured of the vehicle all across the globe. As per the OICA, the country produced 4.6 million vehicles in 2019. As per the European Tyre & Rubber Manufacturers Association, […]
European tire market is projected to witness a CAGR of 2.1% during the forecast period. Stable vehicle sales, high expenditure on vehicles, and its accessories are some of the major factors for the growth of the market in the region. Growth in the demand for high-performance tires is another major factor for the growth of […]
China’s tire market is expected to witness a significant growth at a CAGR of 3.9% during the forecast period. The country is the largest automotive market by volume all across the globe. As per OICA, in 2019, 25.77 million vehicles were sold in China whereas 25.7 million vehicles were manufactured in the country, making it […]
Brazil tire market is expected to register a modest growth at a CAGR of 3.4% during the forecast period. Fluctuating vehicle sales will impact the growth of the Brazil tire industry. In 2012, the Brazil automotive market was the fourth largest market globally with a volume of 3.8 million vehicle sales as per the OICA. […]