The global railway equipment market was valued at US$84.184 billion in 2019. The primary growth factors for that drives the global railway equipment market growth throughout the forecast period on incude the growing travel and tourism sector across the various developing economies of the world due to impressive economic growth and rising middle-class population. The booming travel and tourism is significantly driving the demand for more connected railway infrastructure which is further p Read more...
The automotive labels market is projected to grow at a CAGR of 5.09% to reach US$9.461 billion by 2025, from US$7.024 billion in 2019. The rising disposable income among the individuals coupled with the increasing propensity to spend is leading to increased production and consumption of automobilesThe growth of various industries has resulted in the creation of more job and it has led to a rise in the disposable income of the individuals. This is facilitating a surge in their propensity Read more...
The rolling stock market is estimated at US$43.429 billion for the year 2019.Rolling stock refers to all the types of vehicles operating under the rail transport industry which further includes locomotives, coaches, and wagons among others. The factors that drive the rolling stock market growth in the next five years is the burgeoning investments by the governments of various countries around the globe in the expansion of railway fleet and the expansion of railway networks with an aim to conn Read more...
The furniture market is estimated at US$445.628 billion for the year 2019. The growing investments in infrastructural development coupled with impressive economic growth in some economies around the globe are some of the key factors driving the furniture market growth during the next five years. The booming construction activities is leading to the construction of new houses, offices and various industries. Significant growth in the number of industries, houses, and offices is expected t Read more...
Global Vehicle Daytime Running Lamps market is projected to grow at a CAGR of 5.55% during the forecast period, reaching US$803.840 million in 2025 from US$581.287 million in 2019. Vehicle Daytime Running Lamp's (DRL) job is to increase the visibility of car so that the other user sees the vehicle on the road. DRL is an automotive lighting and bicycle lighting device on the front of a motor vehicle or bicycle, it’s get automatically switched on when driving it emits white, yellow, or Read more...
Global Electric Sports Car market is projected to grow from US$83.115 billion in 2019 to US$232.481 billion in 2025, at a CAGR of 18.70% during the forecast period. Electric motorsport as electric racing or electric motor racing is a category of motor sport that consists of the racing of electric vehicles for competition. Environmental regulations in developed and developing countries are focusing on reducing the individual vehicle’s emission. An electric vehicle may be powered thro Read more...
The global automotive engine oil market is projected to grow at a CAGR of 5.39% to reach US$12.866 billion by 2025, from US$9.391 billion in 2019. Engine oil is used to lubricate the internal combustion engine. Its basic function is to cool the engine, prevent the wear and tear, reduce friction on the moving parts and to clean the engine of sludge. Three types of engine oils commonly used for vehicles; synthetic, synthetic blend and conventional. There are increasing concerns regarding the fas Read more...
The global automotive refrigerants market is projected to grow at a CAGR of 3.56% to reach US$51.323 billion by 2025, from US$41.605 billion in 2019. Automotive refrigerants are used for the proper functioning of the air conditioning system in the vehicle. There has been a rise in the demand for increased comfort in vehicles over the past few years, and having a properly working and efficient air conditioning system in the vehicle adds to that comfort. People desiring increased comfort co Read more...
The global automotive intercooler market is projected to grow at a CAGR of 8.77% to reach US$21.878 billion by 2025, from US$13.212 billion in 2019. Automotive intercooler is a type of a heat exchanger that is used mainly with supercharged and turbocharged engines. Their basic function is to cool the air that is compressed by the supercharger or the turbocharger. There are two types of automotive intercoolers that are used in vehicles; air-to-liquid and air-to-air. The air-to-air intercooler t Read more...
The global automotive armrest market is projected to grow at a CAGR of 1.35% during the forecast period, to reach a market size of US$11.143 billion in 2025 from US$10.284 billion in 2019. This growth is attributable to the increasing preference of people to have additional comfort features in their vehicles. Automotive armrest is a feature that is provided in the vehicle on which the occupants can rest their arms. Armrest adds to the overall comfort of the car and makes the driving expe Read more...
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