Worldwide demand for low voltage motors is predicted to rise at a healthy CAGR of 6.8% from 2023 to 2033. At present, the global low voltage motors market is valued at US$ 41.20 billion and is thus expected to touch a valuation of US$ 79.55 billion by 2033. The low voltage motors market has gained significant traction in recent years, driven by the increasing demand for...

The global electric parking brake market is projected to expand at an impressive CAGR of 12.4% and end up at a valuation of US$ 5.92 billion by 2033, up from US$ 1.83 billion in 2023. The electric parking brake (EPB) market has experienced remarkable growth as vehicle manufacturers and consumers prioritize safety, convenience, and technological advancements. The market is primarily...

The global bucket truck rental market is expected to be valued at US$ 293.0 million in 2023 and further expand at a CAGR of 4.8% to reach US$ 468.3 million by the end of 2033. The bucket truck rental market is witnessing significant growth as businesses increasingly seek efficient solutions for reaching elevated workspaces across various industries. This market overview highlights the key...

Based on the analysis by Fact.MR, the global stump grinder rental market is estimated to be valued at US$ 112.5 million in 2023 and it is expected to grow at a CAGR of 4.7% to reach US$ 178.0 million by the end of 2033. The stump grinder rental market has witnessed notable growth as demand for landscaping and forestry services increases, driven by the need for land clearing and aesthetic...

The global 2,3-dihydroxypropyl methacrylate (DHPMA) market is set to reach a valuation of US$ 246.5 million in 2023 and it is expected to grow at a CAGR of 5.7% to reach US$ 428.6 million by the end of 2033. The 2-3 Dihydroxypropyl Methacrylate (DHPMA) market is witnessing significant growth due to the rising demand for advanced materials in various industries, including adhesives, coatings,...

The global barge transportation market reached US$ 129.01 billion in 2022, according to the latest market study by Fact.MR. Over the projection period (2023 to 2033), worldwide demand for barge transportation services is predicted to rise steadily at 4.5% CAGR and climb to a market size of US$ 209.36 billion by 2033-end. The barge transportation market is a vital segment of the global...

Global heating cable sales are estimated at US$ 1.48 billion for the year 2023. The global heating cable market is projected to register a CAGR of 5.5% and reach a market valuation of US$ 2.53 billion by 2033-end. Heating Cable Market Overview The heating cable market is witnessing significant growth, driven by the increasing demand for energy-efficient heating solutions across various...

The global market for car oil filters has reached a size of US$ 2.32 billion in 2023 and is forecasted to climb to US$ 3.47 billion by the end of 2033, increasing at a steady CAGR of 4.1% over the next ten years, as per this detailed industry research by Fact.MR, a market research and competitive intelligence provider. The car oil filter market is a critical segment of the automotive industry,...

Based on the analysis by Fact.MR, the global medical-grade silicone market is estimated to be valued at US$ 2.0 billion in 2023 and it is expected to grow at a CAGR of 5.8% to reach US$ 3.5 billion by the end of 2033. Market Overview The global medical-grade silicone market has gained considerable momentum in recent years, driven primarily by rising healthcare demands and advancements in...

Based on the analysis by Fact.MR, the global high temperature coatings market is valued to be US$ 4.8 billion in 2023 and it is expected to grow at a CAGR of 4.8% to reach US$ 7.7 billion by the end of 2033. The high-temperature coatings market is witnessing significant growth driven by the increasing demand for thermal protection across various industries, including aerospace, automotive, and...