The global Recreational vehicles market is anticipated to grow at a CAGR of 9.2% during the forecast period (2023-2030). The global Recreational vehicles market is anticipated to grow at a significant rate owing to several factors which includes, increasing disposable income, growing popularity of outdoor recreation, and expansion of RV rental services. In December 2023, Kia India […]
Category Archives: Automotive
Low-speed vehicle market is anticipated to grow at a considerable CAGR of 5.3% during the forecast period. The versatility of low-speed vehicles is a crucial feature for sustaining the market. Meter maids, hunting, yard maintenance, industrial utilities, grounds-keeping, and campus security are all common uses for them. They are also utilized in corporate offices, museums, […]
Passenger car airbag market is expected to grow at a CAGR of 6.5% during the forecast period. As per the International Organization of Motor Vehicle Manufacturers, around 70.5 million cars were produced in 2018 with a slight decrease in total production. The major factor for the growth of the market includes cohesive government regulations, rising […]
Latin American e-commerce retail market is growing at a considerable CAGR of around 25.6% during the forecast period. The market growth is mainly augmented by a rise in internet users, an increase in online sales convenience of mobile e-commerce, and incremental trust in the logic of online purchases. For instance, according to the ITU, around […]
The global motorhome market is expected to grow at a CAGR of 8.5% during the forecast period. One of the factors that are boosting the market growth is the implementation of stringent vehicle emission regulations in most nations across the globe which is encouraging consumers to switch to hybrid and electric recreational vehicles such as motorhomes. The […]
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 […]
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 […]