The European automotive motors market is projected to grow at a significant CAGR of 9.1% during the forecast period. UK, Germany, Spain, Italy, France, Czech Republic, and Russia are the major countries contributing to the market as these countries are among the leading automotive manufacturers across the globe. European countries are laying emphasis on shifting […]
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Germany automotive motors market is projected to grow at a significant CAGR of 8.9%during the forecast period. The key factors that drive the Germany automotive motors market include the strong and robust automotive industry in the country along with the presence of the major automakers and auto-ancillaries in the country such as Audi, BMW, Ford-Werke […]
The Indian automotive motors market is projected to grow at a double-digit CAGR during the forecast period. Considerable growth in vehicle sales (both cars and two-wheeler), exponential growth in the electric vehicle sales, and high export volume are some of the major factors for the substantial market for the automotive motor market in the country. […]
The North America automotive motors market is projected to grow at a significant CAGR of 7.4% during the forecast period. The key factors that drive the market include the increased need for safety features and convenience in a vehicle. The advancements in vehicle manufacturing and the advent of electric vehicles owing to the increased focus […]
The US automotive motors market is projected to grow at a significant CAGR of 7.2% during the forecast period. The key factors that drive the US automotive motors market include the increased preferences towards the adoption of electric vehicles in order to overcome issues such as oil dependence, global warming, and environmental pollution. Besides, the […]
The ASEAN tire market is anticipated to witness a CAGR of 3.5% during the forecast period (2025-2031). The region is the largest producer of natural rubber and supplies the tire raw material to all the major companies all across the globe. The companies have also set-up their manufacturing units near the raw material source. Anticipated […]
The Asia-Pacific tire market is projected to witness a CAGR of 3.5% during the forecast period (2025-2031). Expected growth in the automotive market of the emerging economies such as China, India, South Korea, and ASEAN countries during the forecast period is a major factor for the growth of the market. Moreover, increasing per capita income […]
The Brazil tire market is expected to register a modest growth at a CAGR of 3.4% during the forecast period (2025-2031). 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 […]
China’s tire market is expected to witness a significant growth at a CAGR of 3.9% during the forecast period (2025-2031). 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 […]
The European Tire Market is projected to witness a CAGR of 2.1% during the forecast period (2025-2031). Stable vehicle sales, high expenditure on vehicles, and their 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 […]