The global forklift market was valued at USD 39.17 billion in 2018 and is estimated to reach a value of USD 74.17 billion in 2027. The market is analyzed to rise at a CAGR of 7.35% over the forecast period of 2019 to 2027. The rise in the trends analyzed in the warehouse and the e-commerce sectors drives the growth of the market.
Automotive
Global Automotive Steering System Market Size, Insights, Drivers, Opportunities, By Product (Hydraulic Power Steering, Electro Hydraulic Power Steering, Electronic Power Steering), By Vehicle Type (Passenger Cars, LCVs, HCVs), By Region, Growth, Trends and Forecast from 2019 to 2027
The global automotive steering system market was valued at USD 31.18 billion in 2018 and is estimated to reach a value of USD 54.50 billion in 2027. The market is projected to rise at a CAGR of 6.40% over the forecast period of 2019 to 2027. The rise in sales from manufacturing countries to the emerging markets leads the sales of the quality products and drives the growth of the automotive steering system industry.
Global Automotive HVAC Market Size, Insights, Drivers, Opportunities, By Technology (Automatic, Manual), By Vehicle Type (Passenger Cars, LCVs, HCVs), By Region, Growth, Trends and Forecast from 2019 to 2027
The global automotive HVAC market was valued at USD 6.68 billion in 2018 and is estimated to reach a value of USD 15.24 billion in 2027. The market is analyzed to rise at a CAGR of 9.59% over the forecast period of 2019 to 2027. The rise in consumer spending towards the preferences over the luxury and comfort in the automobiles drives the growth of the automotive HVAC market.
Global Automotive Electronics Market Size, Insights, Drivers, Opportunities, By Application (Power Control, Safety Control, Communications & Entertainment System, Body Electronics), By Vehicle Type (Passenger Cars, LCVs, HCVs), By Region, Growth, Trends and Forecast from 2019 to 2027
The global automotive electronics market was valued at USD 291.75 billion in 2018 and is estimated to reach a value of USD 835.60 billion in 2027. The industry is analyzed to rise at a CAGR of 12.40% over the forecast period of 2019 to 2027. The rise in sales from the manufacturing countries to the emerging markets along with the preference of consumers towards the low emission and the low energy consumption products drives the growth of the automotive electronics market.