The global automotive camshafts market accounted for US$ 668.22 Mn in 2018 and is anticipated to grow to US$ 1,002.41 Mn expanding at a CAGR of 5.2% during the forecast period from 2019 to 2027. In volume terms, the market registered sales of 173.01 Mn Units in 2018 and is estimated to reach 233.15 Mn Units by 2027 growing at a CAGR 3.8% during the forecast period.
The global motorcycle lead acid battery market was valued at US$ 4,299.0 Mn in the year 2018 and expected to reach US$ 6,829.4 Mn by the year 2027, expanding at a CAGR of 5.3% during the forecast from 2019 to 2027. Batteries are an important part of a vehicle while starting, ignition, and vehicle lighting. Moreover, with a paradigm shift towards battery powered vehicles and electric vehicles battery has gained prominent traction in the global automotive market.
The global kick scooter market is growing at a rapid pace, anticipated to grow at a CAGR of 26.3% during the projected period from 2019 to 2027, starting from US$ 470.5 Mn in 2018. The market is majorly driven by growing traffic congestion, first & last-mile transportation and health consciousness amidst millennia’s. Rising obesity and overweight concern among kids & adult people will also help in market growth.
The wind turbine rotor blades market is expected to reach US$ 45.67 Bn in 2027, growing at a CAGR of 12.64% during the forecast period from 2019 to 2027. The rising threat of climate change and global warming has pushed the energy sector for transition towards renewable sources. UN’s Paris climate agreement of 2016 further conveyed the message of unified global effort to enhance the support through financing and technology development.
Globally, the pressure reducing valve market is expected to grow with a CAGR of 4.2% through the forecast period, up from US$1.50 Bn in 2018. The growth of the market is attributed to the increasing adoption of the pressure reducing valves across the wide range of application across several industry verticals. The valves are widely used to maintain and relieve the pressure of the gas and fluids. The valve reduces the frequency of the unstable pressure and maintains a constant pressure via spring mechanism.
The two-wheeler hub motors market worldwide is expected to grow with a CAGR of 7.23% during the forecast period from 2019 to 2027, starting from US$ 1,337.0 Mn in 2018. Two-wheeler hub motors market is expected to witness steady growth in the near future due to growing government initiatives, policies towards electric vehicle adoption and rising consumer concern towards environment. There are two types of motors available in the market namely hub motors and mid-drive motors.
Heavy-duty tires are the tire which is exclusively used for special heavy-duty application equipment. These equipment are used across different application such as construction equipment, mining equipment, industrial vehicles & equipment, agricultural equipment, and forestry equipment. As these equipment are used in hostile conditions in building infrastructure, tire used for these vehicles has to bear significant load and hence the demand for such tires is expected to grow at a considerable rate throughout the forecast period from 2018 to 2026.
Automotive chassis system market stood at US$ 55.67 Bn in 2017 and expected to grow at 5.5% CAGR during the forecast period from 2018 to 2026. The role of a chassis in a vehicle involves around its functionality of providing a supporting structure.
The global smart glass/mirror in automotive market value was at US$ 1,159.3 Mn in the year 2018 and projected to reach US$ 2,752.0 Mn by 2027, witnessing a CAGR of 10.2% during the forecast from 2019 to 2027. Smart mirror is among those futuristic technologies that have paved its way into the world of intelligent automobiles through integration with computer-aided information service.
The electric vehicle battery market was valued at US$ 2.24 Bn in 2017 and expected to grow at a CAGR of 20.2% during the forecast period from 2017 to 2026. The electric car revolution has become a hot investing theme in recent years as many believe it will transform the future of transport.
Parts & Suppliers Markets Research Reports
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