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 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 ..
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 ..
Since the advent of the automobiles, lighting has been an important subsystem of all ground vehicles. Automotive lighting is vital to passenger safety, comfort and vehicle styling. The technology used in automotive lighting ..
Tires are used in automobile, trucks, buses, aircraft landing gear, tractors and other farm equipment, industrial vehicles such as forklifts, and common conveyances such as baby carriages, shopping carts, wheel chairs, bic ..