As per RRI’s estimations, the global market for train control and management systems, which presented an opportunity worth US$2.5 bn in 2015, will rise at a CAGR of 8.20% during the period from 2016 to 2024 and touch US$5.01 bn by the end of the forecast period.
Speaking about statistics, the global control valves market is expected to rise at a strong CAGR of 6.4% between 2017 and 2025. The market initially had a worth of US$6.01 bn in 2016, and is anticipated to be worth at least US$10.46 bn by 2025.
According to the research report by Research Report Insights, the global automotive drive shafts market was valued at US$5.3 bn in 2015 and is likely to be worth US$8.9 bn by the end of 2024.
Equipped with internal combustion engines, golf cart is a self-propelled vehicle driven by electric motors. Increase in popularity of golf worldwide has propelled growth of projects related to golf course in golf resorts, golf-centric real estate developments and private clubs.
The global market for the automotive thermostat is estimated to account for a market value of US$ 2,094.5 Million through 2025 end up from a value at US$ 1,598.3 Million during 2017. The market is set to increase at a 3.4% CAGR during the predicted period.
The auto parts manufacturing industry is comprised basically of two components: original equipment (OE) providers and aftermarket providers. OE providers plan and produce parts needed for the assembly of trucks and passengers. Auto parts utilization is intensely associated with the requirement for the new motor vehicle. If vehicle manufacturing rises or goes down in a consecrated market, then the requirement for OE parts will in that order rises or falls down, likewise. On the other hand, when a market has small, otherwise no, local vehicle making, the requirement for OE parts might be nonexistent or limited.
The automotive refinish coating market is the major part of the automotive market and has been observed considerable expansion in the previous decade. The growth of the market is attributed to swift expansion in ownership of vehicle which in turn resulting in increased accidental rate. High government rules and regulations related to volatile organic compounds are likely to further exhibit robust single-digit CAGR during 2017-2022.
The primary objective of the report is to offer insights on the market dynamics that can influence revenue growth of the global automotive interior leather market over the forecast period.
Research Report Insights (RRI) provides better insights on the automotive stamping market in its latest report titled ‘India Automotive Stamping Market by 2026’. In accordance to the report, monetary gain from the automotive stamping market is estimated to expend at a CAGR of 10.8% over the forecast period.
Growing demand for high-end electronics and feature that ensure safety, mainly in passenger vehicles has propelled demand for the automotive wiring harness. In addition, improved reliability in parallel to reduction of cost prices has further contributed towards growth of the automotive wiring harness market over the following decade. The global automotive wiring harness market is expected to register a healthy 8.7% CAGR over the forecast period, 2025.
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