The Global Collision Repair Market was worth USD 181.52 billion in 2019 and is estimated USD 237.19 billion by 2027, at a CAGR of 3.4 % during the projected period. Advanced tools and technology growth in automotive collision repair products will enhance the market request. Road traffic injuries are the foremost reasons for increasing human fatalities amidst rapid and increased motorization and transportation for the swelling population. The lack of severe safety measures and applicable guidelines in developing economies contributes to increasing accidents, boosting collision repair market growth. 

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The Global Water Storage Tank Market valued at USD 12.5 billion in 2019 and is anticipated to reach USD 16.8 billion by 2027, at a CAGR of 3.8 % during the forecast period. Rapid population growth has led to improved demand for drinking water in urban and rural areas and nationwide enterprises and utilities. The need for water and its storage for different purposes have shaped the market for water storage tanks globally. Global warming and uncertain climate cause acute water scarcity in...

Global Smart Home Automation Market Forecast and Trends

Global Smart Home Automation Market has gained the momentum in recent years with a CAGR of 14.62%, in value terms, over the forecast period 2020-2026, and expected to reach at USD 108.56 Billion by 2026. One of the major factors expected to drive the market for smart home automation over the forecast period is a increasing demand for digital...

Global Automotive Simulation Market Forecast and Trends

Global Automotive Simulations market forecast a CAGR of 11.23% from USD 1.6 billion in 2019 to reach USD 3.22 billion by 2026. The rising production of automobiles is expected to accelerate the growth of automotive simulation market. Moreover, initial design and evaluation of hybrid, and conventional drive systems including operating strategies and thermal management is expected to augment the growth automotive simulation market.

Global Automotive Turbocharger Market Forecast and Trends

Automotive turbocharger manufacturing companies are primarily concentrating on developing new turbochargers combined with electrified engine technologies, attributing to the growing demand for electric vehicles. The automotive turbocharger industry will observe a strong growth due to its growing adoption in commercial, passenger, and heavy-duty vehicles to provide enhanced fuel efficiency. Enhanced engine...

India Automotive CNG/LPG Kit Market Forecast and Trends

Indian Automotive CNG & LPG kit Market has reached USD 5.15 Million units in 2019 and is projected to expand with a growth rate of 7.77%, in Volume terms, during 2020 to 2026. The market is expected to generate a revenue of USD 8.68 million units by 2026. With a large number of Indian cities embarking for cleaner fuel, CNG is gaining momentum in the Indian automotive market.

The use of CNG/LPG kit in the transportation sector is primarily driven by the...

Global Vehicle Access Control Market Forecast and Trends

The global Vehicle Access Control Market is worth USD 9,317 million and anticipated to grow nearly at a CAGR of 11.6 % to reach US$ 21,928 Million by 2026. The key driver of the market for vehicle access control systems is the increase in demand for robust security and safety controls, which has driven companies around the world to introduce innovative safety solutions based on technology. Vehicles have become a critical and vulnerable part of the day-to-day operations of any business, and it has become essential...