The global adventure motorcycle market size is worth around USD 15.23 billion in 2024 and is anticipated to reach around USD 24.96 billion by 2034, growing at a CAGR of 5.06% over the forecast period 2024 to 2034. Increasing disposable income, growing interest in adventure tourism, technological advancements, and expanding urban infrastructure are the key factors driving the adventure motorcycle market growth.
The global automotive seat covers market reached USD 6.86 billion in 2024 and is projected to hit around USD 15.40 billion by 2034, expanding at a CAGR of 8.42% during the forecast period from 2024 to 2034. The automotive seat covers market growth is attributed to increasing consumer demand for vehicle customization and advancements in seat cover materials and technologies.
The U.S. commercial vehicle roadside assistance market size is expected to worth USD 2.75 billion in 2024 and is anticipated to reach around USD 3.97 billion by 2034, growing at a solid CAGR of 3.70% over the forecast period 2024 to 2034. The market is driven by customer preferences for fuel-efficient and safe vehicles, e-commerce sector growth, and infrastructure development.
The global vehicle control unit market size is expected to be worth USD 60.05 billion in 2024 and is anticipated to reach around USD 92.55 billion by 2034, growing at a solid CAGR of 4.42% over the forecast period 2024 to 2034. The benefits of the vehicle control unit (VCU) include an enhanced user interface, over-the-air updates, automation capabilities, operational streamlining, improved diagnostics, improved passenger and vehicle safety, and the ability to prevent and predict potential malfunctions, which help the growth of the vehicle control unit market.
The global green tires market size is projected to be worth around USD 432.43 million by 2034 from USD 140.10 million in 2024, at a CAGR of 11.93% from 2024 to 2034. The increasing demand for sustainable, recycled, and fuel-efficient materials in automobiles to reduce greenhouse gas emissions by vehicles is driving the growth of the green tires market.
The global automotive steel market size is projected to be worth around USD 173.52 billion by 2034 from USD 126.39 billion in 2024, at a CAGR of 3.22% from 2024 to 2034. Since automotive steel is a key component used in the construction of car bodywork and other parts, the demand for it is increased by the ongoing increase in demand of the automotive steel market worldwide.
The global electric vehicle motor controller market size is projected to be worth around USD 23.71 billion by 2034 from USD 5.32 billion in 2024, at a CAGR of 16.12% from 2024 to 2034. With the increasing adoption of EVs worldwide, the need for fuel-efficient engines for sustainable driving practices is the major driving factor of the electric vehicle motor controller market.
The global automotive control panel market size is projected to be worth around USD 217.35 billion by 2034 from USD 118.99 billion in 2024, at a CAGR of 6.21% from 2024 to 2034. The growing development in the automotive industry has driven the growth of the automotive control panel market. Also, the rising demand for passenger cars boosts industrial growth. Additionally, the advancements in automotive technologies propel the market growth.
The global torque vectoring market size is projected to be worth around USD 41.22 billion by 2034 from USD 11.45 billion in 2024, at a CAGR of 13.67% from 2024 to 2034. The growing sales of electric vehicles around the world has driven the growth of torque vectoring market.
The global automotive engine valve market size is projected to be worth around USD 8.64 billion by 2034 from USD 5.55 billion in 2024, at a CAGR of 4.52% from 2024 to 2034. The rising demand for commercial and passenger vehicles is driving the growth of the market.
The global fire truck market size is estimated to be worth around USD 10.68 billion by 2034 from USD 8.15 billion in 2024, at a CAGR of 2.74% from 2024 to 2034. Rapid urbanization and infrastructure development have led to an increased risk of fires, driving demand in the market.
The global automotive actuators market size is projected to be worth around USD 37.27 billion by 2034 from USD 20.75 billion in 2024, at a CAGR of 6.03% from 2024 to 2034. The increasing demand for energy converting equipment has boosted the growth of the automotive actuators industry.
The global automotive elastomers market size is expected to be worth USD 37.79 billion in 2024 and is anticipated to reach around USD 64.06 billion by 2034, growing at a CAGR of 5.42% over the forecast period 2024 to 2034. The automotive elastomers market is driven by the increasing demand for automobiles that are lightweight and fuel-efficient.
The global automotive catalytic converter market size is expected to be worth USD 169.50 billion in 2024 and is projected to reach around USD 387.84 billion by 2034, expanding at a CAGR of 8.63% from 2024 to 2034. The rising inclination towards environmentally friendly mobility solutions drives the growth of the automotive catalytic converter market.
The global small SUVs market size was USD 550 billion in 2023, calculated at USD 553.52 billion in 2024 and is expected to reach around USD 590 billion by 2034, growing at a CAGR of 0.64% from 2024 to 2034. Customers are beginning to favor cars that have the functionality of an SUV but are smaller and easier to handle. Thus driving the growth of the small SUVs market.
The global power sports market size was USD 37.80 billion in 2023, calculated at USD 39.95 billion in 2024 and is expected to reach around USD 69.40 billion by 2034, expanding at a CAGR of 5.67% from 2024 to 2034. The North America power sports market size reached USD 18.14 billion in 2023. The growth of the market is driven by the rising interstate towards the adventurous activities and the tourist activities are driving the growth of the power sports market.
The global e-commerce automotive aftermarket size was USD 224.5 billion in 2023, calculated at USD 250.39 billion in 2024 and is expected to reach around USD 745.90 billion by 2034. The market is expanding at a solid CAGR of 11.53% over the forecast period 2024 to 2034. The North America e-commerce automotive aftermarket size reached USD 74.09 billion in 2023. The rising demand for online shopping across the world is driving the growth of the e-commerce automotive aftermarket.
The global passenger car accessories aftermarket size was USD 530.20 billion in 2023, calculated at USD 556.68 billion in 2024 and is expected to reach around USD 906.30 billion by 2034, expanding at a CAGR of 4.99% from 2024 to 2034. Stringent government regulations to replace or upgrade the accessories and an increase in the trend of vehicle customization, along with an increase in disposable income, promote the passenger car accessories aftermarket growth.
The global bucket trucks market size was USD 1.32 billion in 2023, calculated at USD 1.42 billion in 2024 and is expected to reach around USD 2.93 billion by 2034, expanding at a CAGR of 7.53% from 2024 to 2034. The need for the bucket trucks market in maintenance and repairs rises along with the requirement for utilities such as power, telephones, and other services.
The global silicone in electric vehicles market size was USD 6.70 billion in 2023, calculated at USD 7.33 billion in 2024 and is expected to reach around USD 18.04 billion by 2034. The market is expanding at a solid CAGR of 9.42% over the forecast period 2024 to 2034. Asia Pacific led the silicone in electric vehicles market with the largest revenue share of 44% in 2023. The rising demand for high-performance EVs across the world is driving the growth of the silicone in the electric vehicles market.
The global electric vehicle fluids market size was USD 748.22 million in 2023, calculated at USD 962.36 million in 2024 and is expected to reach around USD 11,924.02 million by 2034. The market is expanding at a solid CAGR of 28.62% over the forecast period 2024 to 2034. Rising inclination towards electric vehicles worldwide to combat environmental changes and governments increasing approvals for electric vehicles (EVs) are the major factors driving the electric vehicle fluids market globally.
The global automotive lubricants market size was USD 70.48 billion in 2023, calculated at USD 71.76 billion in 2024 and is expected to reach around USD 84.41 billion by 2033, expanding at a CAGR of 1.82% from 2024 to 2033. Increasing adoption of high-quality and environment-friendly automotive lubricants, which are further compatible with the technically advanced engines in the automotive market, are the major driving factors of the global automotive lubricants market.
The global electric vehicle sensor market size was USD 13.12 billion in 2023, calculated at USD 15.11 billion in 2024 and is expected to reach around USD 53.75 billion by 2033. The market is expanding at a solid CAGR of 15.14% over the forecast period 2024 to 2033. The rise in adoption of electric vehicles due to the rising concern about the depleting fossil fuels and environmental pollution that accelerate the demand for the market.
The global self-driving cars and trucks market volume was 152.70 thousand units in 2023, calculated at 224.21 thousand units in 2024 and is expected to reach around 7112.07 thousand units by 2033, expanding at a CAGR of 46.83% from 2024 to 2033.
The global low-speed electric vehicle market size was USD 7.98 billion in 2023, calculated at USD 9.18 billion in 2024 and is expected to reach around USD 32.61 billion by 2033. The market is expanding at a solid CAGR of 15.12% over the forecast period 2024 to 2033. The rising demand for low-speed electric vehicles in commercial places drives the growth of the low speed electric vehicle market.
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