The automotive actuators market is an essential pillar of the rapidly evolving automotive industry. With the global automotive actuators market valued at USD 19.8 billion in 2023, it is projected to reach USD 25.7 billion by 2030, growing at a CAGR of 3.8% from 2024 to 2030. This steady growth signifies the increasing adoption of automation, electrification, and...

The Automotive Lead Acid Batteries Market is on a steady rise, growing from USD 26.3 billion in 2023 to an expected USD 34.0 billion by 2030. With a compound annual growth rate (CAGR) of 3.7%, this industry continues to be a pivotal part of the automotive sector. But why is this growth happening? What are the driving forces behind it? Let’s dive deep into the factors influencing...

Electric Bus Industry The global electric bus market size was estimated at USD 49.81 billion in 2023 and is expected to grow at a CAGR of 12.1% from 2024 to 2030. An increasing adoption of electric buses owing to rising environmental concerns and government support has contributed to the growth of the electric bus market. Electric buses offer a significant advantage over traditional gasoline...

Electric Bus Industry The global electric bus market size is anticipated to reach USD 110.44 billion by 2030 and expanding at a CAGR of 12.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market growth is attributed to the rising demand from private transit agencies, city planners, and private institutions for alternatives to conventional buses and...

The global electric bus market was valued at USD 49.81 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 12.1% from 2024 to 2030. This growth is primarily driven by the increasing adoption of electric buses, spurred by rising environmental concerns and government support. Electric buses offer significant advantages over traditional gasoline and...

The Electric Vehicle (EV) Market is experiencing unprecedented growth, driven by technological advancements, increasing environmental awareness, and supportive government policies. According to the latest report from Market Insights Inc., the global electric vehicle market is expected to reach USD 1,000.8 billion by 2030, expanding at a compound annual growth rate (CAGR) of 11.7% from 2023 to...

The electric vehicle (EV) market has undergone significant growth in recent years, driven by advancements in technology, government regulations, and increasing consumer demand for environmentally friendly alternatives to traditional internal combustion engine (ICE) vehicles. In 2023, the EV market was valued at an impressive USD 461.1 billion and is projected to surpass USD 1,000.8...

The Electric Vehicle Market was valued at USD 461.1 billion in 2023-e and will surpass USD 1,000.8 billion by 2030; growing at a CAGR of 11.7% during 2024 - 2030. The key factors contributing to the growth of the electric vehicle market during the forecast period include new technological advancements such as low CO2 emissions and maintenance, smooth driving, and reduced engine noise. Demand...

The Electric Vehicle Market is expected to grow from USD 461.6 billion in 2023-e at a CAGR of 11.7% to touch USD 1,000.8 billion by 2030. Prominent players include BYD, Tesla, Volkswagen, Bosch, ABB, Infineon Technologies, Siemens, Toshiba, Denso, Samsung SDI, Hitachi, Mitsubishi Corporation, Minda, amongst others. The key factors contributing to the growth of the electric vehicle...

The Electric Vehicle Market is expected to grow from USD 461.6 billion in 2023-e at a CAGR of 11.7% to touch USD 1,000.8 billion by 2030. Prominent players include BYD, Tesla, Volkswagen, Bosch, ABB, Infineon Technologies, Siemens, Toshiba, Denso, Samsung SDI, Hitachi, Mitsubishi Corporation, Minda, amongst others. The key factors contributing to the growth of the electric vehicle...