The electric vehicle fluids market size stood at USD 1,799 million in 2022, and it is expected to grow at a compound annual growth rate of 28.4% during 2022–2030, to reach USD 13,263 million by 2030.
The automotive fuel transfer pumps market size stood at $1,831 million in 2021, and it is expected to grow at a CAGR of 5.8% during 2021–2030, to reach $3,041 million by 2030.
The global automotive torque converter market is expected to witness considerable growth in the coming years due to the increasing production of automobiles, growing demand for automatic transmission systems, and rising concerns regarding the safety in vehicles. Globally, vehicles with automatic transmission are gaining traction, as this form of transmission is more economical and safer than manual transmission.
The global automotive gears market is projected to witness considerable growth during the forecast period, primarily on account of the growing automotive industry. The growth of the automotive industry is a direct result of the increased production volume of passenger cars and commercial vehicles in recent years.
Start-stop technology automatically shuts down and restarts the internal combustion engine of vehicles to cut down the amount of time the engine spends idling. Additionally, the technology helps in reducing fuel consumption and emissions. The growth in start-stop technology market is driven by continuous improvement in vehicle performance and fuel efficiency levels. Strict regulations regarding exhaust gases set by various government and legislative bodies are serving as an advantage to this market. Major suppliers of these
The global injector nozzle market is majorly driven by increasing demand for more fuel-efficient vehicles, stringent fuel efficiency norms and significant growth in the passenger car segment. In Europe and North America, the emission norms and fuel economy are crucial factors, which have impelled automotive manufactures to increase the usage of lightweight materials to enhance fuel efficiency in vehicles; thus, driving the growth of the injector nozzle market. In North America, Environmental Protection Agency
The global automotive engine oil market witnessed a significant growth during the past few years. The rising disposable income, government legislations for automotive engine oil, growing automotive aftermarket and increase in demand within automotive market are driving the growth of the automotive engine oil market. The growing vehicle sales and its production in developing countries is an opportunity in the market. The major factors restraining the growth of the market include volatile price of raw materials and growth in e