The global bicycle tires industry is projected to achieve significant growth, with sales estimated at USD 10,158.3 million in 2024, increasing to USD 23,509.1 million by 2034. This represents a robust CAGR of 8.8% during the forecast period from 2024 to 2034. In 2023, the market generated USD 9,423.1 million in revenue and is expected to witness a year-over-year (Y-o-Y) growth rate of 7.8% in 2024.
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The power liftgate industry is expected to experience significant growth, with a projected value of USD 6,945.5 million by 2033, driven by a strong CAGR of 8.9%. This growth is largely attributed to the rising demand for convenience and automation in vehicles, as consumers increasingly seek features that enhance ease of use and accessibility.
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The power liftgate industry is expected to experience significant growth, with a projected value of USD 6,945.5 million by 2033, driven by a strong CAGR of 8.9%. This growth is largely attributed to the rising demand for convenience and automation in vehicles, as consumers increasingly seek features that enhance ease of use and accessibility.
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The two-wheeler suspension system industry is anticipated to grow at a CAGR of 4.9% from 2023 to 2033, with its value increasing from USD 1.65 billion in 2023 to USD 2.61 billion by 2033. This growth is driven by factors such as rising traffic, the expanding vehicle population, and advancements in technology.
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According to the latest report from Future Market Insights (FMI), the European trolley bus industry is projected to reach a valuation of USD 999.1 million by 2033, growing at a moderate compound annual growth rate (CAGR) of 2.7% during the forecast period. By 2023, the market is expected to achieve a significant milestone, reaching USD 765.4 million.
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