The global sports car market was valued at US$31.564 billion in 2019 and is expected to grow at a CAGR of 10.12% over the forecast period to reach a total market size of US$56.278 billion in 2025. Theglobal sports car market growth is closely tied to the change in the number of millionaires and billionaires in many countries worldwide. According to Knowledge Sourcing Intelligence estimates, the world already saw the number of billionaires cross the 2100 mark in 2019, and is set to witness Read more...
The global bus market is projected to reach US$66.780 billion by 2025 from US$51.355 billion in 2019 growing at a CAGR of 4.47%. Buses are road vehicles that are designed to carry a number of passengers ranging on the seating capacity. The bus market is projected to show a decent growth throughout the course of the next five years. The major factor that are significantly driving the demand for buses is the globally growing population which is further augmenting the demand for transportat Read more...
The global bicycle market is evaluated at US$51.262 billion for the year 2019. The global cycle market is projected to show a healthy growth throughout the course of the next five years primarily on account of the increasing consumer preference towards a healthy living lifestyle. Furthermore, there has been an increasing adoption of bicycles in both developed and developing economies owing to the fact the majority of the people are opting for cycling as their daily routine activity and as a f Read more...
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...
Electric Sports Car market was valued at US$1.591 billion in 2019 and is expected to grow at a CAGR of 16.15% over the forecast period to reach a total market size of US$3.907 billion in 2025.Themarket growth for electric sports cars is majorly attributed to rising number of millionaires and billionaires across the globe. According to Knowledge Sourcing Intelligence estimates, the total number of billionaires worldwide crossed the 2100 mark in 2019, and future increase in this figure will be 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 fa Read more...
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