China used car market is predicted to reach US$162.54 billion in 2024, witnessing growth at a CAGR of 3.21% over the period 2020-2024. The factors such as increasing car ownership, rising disposable income, accelerating penetration of online advertising, expanding urbanization and escalating demand for affordable used cars would drive the growth of the market. However, the market growth would b ..
The global automotive catalyst market is expected to record a value of US$18.21 billion in 2024, increasing at a CAGR of 7.20%, during 2020-2024. The factors such as growing production of motor vehicles, exploration of automotive aftermarket, rapid urbanization, accelerating economic growth and emission control regulations by government would drive the growth of the market. However, the m ..
The global fluid power market is estimated to reach US$57.26 billion in 2023, growing at a CAGR of 3.20% for the period spanning 2019-2023. The growth of the market has been driven by an upsurge in economic growth, expandi ..
The global bearings market value is forecasted to reach US$51.62 billion in 2023, growing at a CAGR of 5.44%, for the period spanning from 2019 to 2023. The factors such as rapid industrialization, inclining mining equipment industry, ..
The global e-bike market is anticipated to grow at a CAGR of 6.39% during the period spanning 2019-2023. The market is expected to be valued at US$21.13 billion in 2023. The growth of the market has been driven by accelera ..
The global sports and cargo carrier market is estimated to reach US$2.03 billion in 2023, growing at a CAGR of 11.57% for the period spanning 2019-2023. Sports and cargo carrier are mainly utilized for carrying essential s ..
Online automotive marketplaces are also known as car buying portals, aggregators sites or third-party auto sites which makes buying a car online easy and convenient. Online automotive channel identifies price, convenience ..
Semiconductors are used by various end-user markets such as – IT, Communication, Consumer Electronics, Automotive and Industrial. Automotive semiconductors enhance the operational functions of vehicles. This includes ..
An electric vehicle battery is used to power the propulsion of electric vehicles. These batteries are used in forklifts, electric golf carts, riding floor scrubbers, electric motorcycles, electric ..
China is the world’s largest market for automobiles and the world’s top auto producer. The Government of China has observed its automotive sector, including the auto parts industry, as a pillar industry for man ..