Automotive Market Research Reports

  Global Rear Axle Market is expected to reach USD 57.77 billion by 2024. Rear axle is also termed as driving axle. It lies between driving wheels and the differential gear that transmits torque/power from the propeller shaft or directly from the gearbox to the driving wheels. The rear axle market is estimated to grow at a significant CAGR over the forecast period as the scope and its applications are rising enormously across the globe. The factors that are playing a major role in the growth of rear axle market are growing transport infrastructure and rising production of trailers and trucks with lightweight components. However, high production cost may restrain overall market growth in the years to come. Rear axle market is segmented based on type, application, and region. Lift, drive, dead rear axle are the types that could be explored in Rear Axle in the forecast period. The “dead rear axle” sector is estimated to grow at the highest CAGR in the years to come. The reason behind ...

  The global Automotive LiDAR Market size is expected to value at USD 223.2 million by 2024. The market is subject to witness a substantial growth due to the increasing demand for advanced safety features in both lightweight and heavyweight vehicles, and mandatory administrative regulations for incorporation of safety measures such as AEB braking systems installations, majorly in the developed economies such as U.S. and the UK. Rise in the integration of safety systems in both autonomous and semi-autonomous vehicles owing to increasing demand from end-user is expected to drive the growth of automotive LiDAR market over the forecast period. High-end demand for automation in booming automobile industry at various levels of vehicle production is expected to draw huge investment from industry participants, thereby propelling market growth across the globe in the years to come. Globally, the automotive LiDAR industry is predicted to grow at higher CAGR in the forecast period, providing ...

  The global Fire Trucks Market size is expected to value at USD 7.41 Billion by 2024. The market is subject to witness a substantial growth due to increasing focus towards fire safety and growing demand for advanced firefighting tools, particularly in the developed economies across the globe. Mass production of fire trucks has led to sale of sixteen thousand units in fiasco year. Rising prevalence of fire breakout incidences and high-end demand for effective transportation solution for firefighters are expected to boost the growth of fire truck market over the next seven years. Globally, the fire trucks industry is predicted to grow at higher CAGR in the forecast period, providing numerous opportunities for market players to invest in research and development of the market. Advanced application of water trucks is the fire fighter department. Specialized trucks with automated systems are used for fire prevention, which are equipped with motors and various gears. Public use of water...