The global automotive bushing market size is calculated at USD 162.94 billion in 2024 and is predicted to reach around USD 263.64 billion by 2034, expanding at a CAGR of 4.93% from 2024 to 2034. The automotive bushing market has grown because bushings can be easily replaced after damage, are affordable, and offer economic value.
The global child presence detection system market size accounted for USD 242.39 million in 2024 and is expected to exceed around USD 9,903.84 million by 2034, growing at a notable CAGR of 44.92% from 2024 to 2034. The child presence detection system market is attributed to the increased sales of luxury vehicles and electric vehicles and increased deaths of children trapped in hot vehicles.
The global electric SUV market size is calculated at USD 740.91 billion in 2024 and is anticipated to reach around USD 11,953.03 billion by 2034, expanding at a CAGR of 32.06% from 2024 to 2034. The rising awareness about global warming due to vehicle pollution and the demand for fully equipped luxury vehicles are driving the growth of the market.
The global automotive HVAC market size is calculated at USD 55.11 billion in 2024 and is predicted to reach around USD 105.61 billion by 2034, expanding at a CAGR of 6.73% from 2024 to 2034. The automotive HVAC market growth is attributed to the increasing demand for energy-efficient and advanced climate control solutions in vehicles, driven by consumer expectations for enhanced comfort and regulatory pressures for sustainability.
The global light commercial vehicles market size accounted for USD 420.19 billion in 2024 and is anticipated to hit around USD 652.55 billion by 2034, growing at a CAGR of 4.50% from 2024 to 2034. The light commercial vehicles market growth is attributed to the increasing demand for efficient logistics solutions driven by the rise of e-commerce, urbanization, and advancements in vehicle technology.
The global convertible roof system market size is calculated at USD 14.12 billion in 2024 and is projected to surpass around USD 21.42 billion by 2034, expanding at a CAGR of 4.26% from 2024 to 2034. The convertible roof system market growth is attributed to the increasing consumer preference for stylish and versatile vehicles that offer enhanced driving experiences and advanced technological features.
The global electric vehicle battery coolant market size is calculated at USD 2.12 billion in 2024 and is projected to surpass around USD 3.08 billion by 2034, expanding at a CAGR of 3.82% from 2024 to 2034. Increasing adoption of EVs requires robust coolant as the battery generates heat every time when it gets charged and discharged. Moreover, stringent government regulations for GHG emissions are also the major driving factor for the proliferation of the global electric vehicle battery coolant market.
The global automotive differential market size is calculated at USD 24.79 billion in 2024 and is projected to surpass around USD 38.53 billion by 2034, expanding at a CAGR of 4.51% from 2024 to 2034. The rising development related to torque-vectoring in automobiles across the world is driving the growth of the automotive differential market.
The global vehicle periodic maintenance market size is calculated at USD 936.33 billion in 2024 and is projected to surpass around USD 1,374.05 billion by 2034, expanding at a CAGR of 3.91% from 2024 to 2034. The increasing awareness among consumers of the necessity of vehicle maintenance at regular intervals of time increases vehicle efficiency and cost-effectiveness and achieves a perceived sense of safety, fuelling the vehicle periodic maintenance market on a global scale.
The global luxury van market size is worth around USD 21.84 billion in 2024 and is anticipated to reach around USD 36.95 billion by 2034, growing at a CAGR of 5.40% over the forecast period 2024 to 2034. The market for luxury vans has experienced growth due to increasing disposable income, technological innovations, easy rental, and subscription models.
The global luxury car market size is expected to be worth USD 700.59 billion in 2024 and is anticipated to reach around USD 1,366.62 billion by 2034, growing at a CAGR of 6.91% over the forecast period 2024 to 2034. The luxury car market is proliferating due to the consumer's shift from sedans to SUVs, owing to the increasing disposable incomes across various regions, along with the new launch of automotive by major key players.
The global automotive switch market size is worth around USD 7.66 billion in 2024 and is anticipated to reach around USD 11.92 billion by 2034, growing at a CAGR of 4.52% over the forecast period 2024 to 2034. Growing adoption of EVs and HEVs with highly advanced switches to automate the vehicles system and configuration is fuelling the automotive switch market.
The demand for cybertruck manufacturing is expanding due to an increasing preference for sustainable transportation. The market is projected to grow at a remarkable CAGR during the forecast period. The increasing preference for sustainable transportation is one of the major factors which are helping towards boosting the growth of the cybertruck manufacturing market. Additionally, the company’s growth is attributed to its durability and strong functional capacity.
The global expedition truck market size is worth around USD 221.29 million in 2024 and is anticipated to reach around USD 481.75 million by 2034, growing at a solid CAGR of 8.09% over the forecast period 2024 to 2034. The North America expedition truck market size reached USD 104.41 million in 2023. The increasing preference of the population for the road trips drives the demand for the fully equipped vehicles for the travelling requirements that boosts the growth of the expedition truck market.
The global robotaxi market size is worth around USD 2.77 billion in 2024 and is anticipated to reach around USD 188.91 billion by 2034, growing at a CAGR of 60.03% over the forecast period 2024 to 2034. The rising need for safety in transport is one of the biggest contributors to the robotaxi market growth. This drives significant attention towards improvement in the public transport sector.
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.
+1 804 441 9344
+61 485 981 310 +91 87933 22019
sales@precedenceresearch.com