The global automotive vacuum brake booster industry reached a value of USD 316.1 million in 2023 and is expected to grow at a CAGR of 7.4% during the forecast period. The market is projected to expand from USD 333.5 million in 2024 to USD 680.9 million by 2034.
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The global vehicle electrification industry is projected to grow at a robust compound annual growth rate (CAGR) of 10.3% from 2022 to 2032. Valued at USD 72 billion in 2021, the market’s growth is largely driven by the increasing focus on eco-friendly solutions in the automotive industry.
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The global automotive spacer ring industry is expected to reach USD 565.5 million by 2024, with a projected Compound Annual Growth Rate (CAGR) of 15.8% during the forecast period, eventually attaining a value of USD 2,451.9 million by 2034.
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The turbofan engines industry was valued at USD 1.05 billion in 2022, experiencing a 6.3% year-on-year growth. The market is forecasted to expand at a robust Compound Annual Growth Rate (CAGR) of 17.2% from 2022 to 2032, reaching an estimated USD 5.1 billion by the end of the forecast period.
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Global Off-Road All-Terrain E-Scooter Industry Poised to Reach USD 2.7 Billion by 2034, Expanding at a 4.8% CAGR
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