Year: 2023

Global Clutch Friction Plate Market to Expand at 10.06% CAGR over 2023 to 2030; ZF Friedrichshafen AG Acquired WABCO Holdings Inc. to Develop Clutches Pune, India., Dec. 12, 2023 (GLOBE NEWSWIRE) — The global clutch friction plate market size was valued at USD 11.69 billion in 2022. The industry is expected to expand from USD 12.59 billion in 2023 to USD 24.63 billion by 2030, exhibiting a CAGR of 10.06% over the study period. The expansion can be credited to the deployment of advanced transmission technologies such as continuously variable transmission (CVTs) or dual-clutch transmission (DCTs). Moreover, integrating these technologies with advanced clutch friction plates can help reduce energy losses, improve overall efficiency, and quick and smooth gear change. Drivers & Restraints- Surging Deployment of Electronic Clutch...

Automotive Amplifier Market Size to Record 6.6% CAGR over 2023-2030; Harman Expanded Its Range of Aftermarket Car Products to Provide Superior Sound Quality Pune, India., Dec. 12, 2023 (GLOBE NEWSWIRE) — The global automotive amplifier market size was valued at USD 3.79 billion in 2022 and is expected to be worth USD 4 billion in 2023. The market is projected to reach USD 6.27 billion by 2030, recording a CAGR of 6.6% during the forecast period. Automotive amplifiers have witnessed a robust rise in their adoption in recent years due to the growing demand for improved in-car experience and vehicles with advanced features. These devices, also known as car audio amplifiers or car amplifiers, are designed to increase the strength of the audio signals before sending them to a car’s in-built audio systems. The rising need for better...

Key companies covered in pet toys market are Kong Company (S), Benebone LLC (U.S.), Petmate (S.), Ethical Products, Inc. (S), Petsport USA, Inc. (S.), Central Garden & Pet Company (U.S.), ZippyPaws (S.), Radio Systems Corporation (S.), Multipet International, Inc. (S), Kyjen Company LLC (S), and more players profiled.Pet Toys MarketPet Toys MarketPune, India, Dec. 12, 2023 (GLOBE NEWSWIRE) — The global pet toys market size was valued at USD 7.57 billion in 2021 and is projected to grow from USD 8.01 billion in 2022 to USD 12.63 billion by 2029, exhibiting a CAGR of 6.73% during the forecast period. This information is presented by Fortune Business Insights, in its report titled, “Pet Toys Market, 2023-2029.” Get a Free Sample Research PDF: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/pet-toys-market-106259 List...

Global Electric Vehicle Market Size to Be Valued at USD 1,579.10 Billion by 2030; Supportive Government Subsidies and Policies to Boost Market Growth Pune, India, Dec. 12, 2023 (GLOBE NEWSWIRE) — The global electric vehicle market size was valued at USD 384.65 billion in 2022 and is expected to be worth USD 500.48 billion in 2023. The industry is projected to be valued at USD 1,579.10 billion by 2030, recording a CAGR of 17.8% during the forecast period. Fossil-fueled vehicles are a major reason behind increased air pollution levels. This factor has compelled many governments to pass strict emission laws and regulations on carmakers to reduce vehicle emissions. The demand for BEVs has increased tremendously in recent years as these automobiles do not use fossil fuels, such as diesel or gasoline. The overall maintenance cost of...

Key companies covered in paper straw market are Hoffmaster Group Inc. (U.S.), Transcend Packaging (U.K.), Duni Group (BioPak) (Sweden), Nippon Paper Industries Co., Ltd. (Japan), Focus Technology Co., Ltd. (China), Fueling Technology (China), Footprint (U.S.), Charta Global (U.S.), Canada Brown Eco Products Ltd (Canada), Huhtamaki Oyj (Finland), and more players profiled.Paper Straw MarketPaper Straw MarketPune, India, Dec. 12, 2023 (GLOBE NEWSWIRE) — The global paper straw market size was valued at USD 1.45 billion in 2022 and is projected to grow from USD 1.51 billion in 2023 to USD 2.23 billion by 2030, exhibiting a CAGR of 5.75% during the forecast period. The rise can be credited to the surging product demand on account of a government ban on single-use plastics. This information is provided by Fortune Business...

Sensor Fusion Market to Record 20.6% CAGR from 2023-2030; Driving Accurate Data Integration for Autonomous Vehicles, Consumer Electronics, and Robotics Aids Market Growth Pune, India, Dec. 12, 2023 (GLOBE NEWSWIRE) — Market Overview: The global sensor fusion market size was USD 3.73 billion in 2022. The market is projected to grow from USD 4.47 billion in 2023 to USD 16.59 billion by 2030, exhibiting a CAGR of 20.6% during the forecast period. Sensor fusion technology plays a pivotal role in the integration of data from multiple sources, facilitating the provision of accurate and reliable information for diverse applications such as autonomous vehicles, consumer electronics, and robotics. This significantly enhances visual perception capabilities, augments situational awareness, and empowers precise real-time decision-making processes....

Smart Electric Meter Market to Grow Progressively; Rapid Urbanization and Development of Multiple Smart Cities to Boost Market Growth; Rising Adoption of Renewable Energy to Bolster Market Progress: Fortune Business Insights™ Pune, India, Dec. 12, 2023 (GLOBE NEWSWIRE) — The global smart electric meter market size is projected to reach USD 36.00 billion by 2028, exhibiting a CAGR of 8.1% during the forecast period. Rapid urbanization, the development of multiple smart cities, and the increasing adoption of renewable energy resources are likely to fuel market growth. Fortune Business Insights™ provides this information in its report titled “Smart Electric Meter Market, 2021-2028.” A smart electric meter is a device equipped with advanced technologies such as smart software and cloud computing to monitor...

Key companies covered in the functional food and beverage market are The Coca-Cola Company (Georgia, United States), Celsius Holding, Inc. (Florida, United States), PepsiCo Inc. (New York, United States), Glanbia Plc (Kilkenny, Ireland), Nestle S.A. (Vevey, Switzerland), Arla Foods amba (Viby, Denmark), Hearthside Food Solutions LLC (Illinois, United States), Tyson Foods Inc. (Arkansas, United States), General Mills Inc. (Minnesota, United States), Danone S.A. (Paris, France), and more players profiledFunctional Foods MarketFunctional Foods Market SizePune, India, Dec. 12, 2023 (GLOBE NEWSWIRE) — The global functional foods and beverages market size is projected to reach USD 529.66 billion by 2028, exhibiting a CAGR of 9.5% during the forecast period. The market value stood at USD 258.80 billion in 2020. In the ever-evolving...

Key Companies in Organic Tea Market are Associated British Foods plc (London, U.K.), Unilever plc (London, U.K.), Tata Consumer Products Limited (Mumbai, India), The Bigelow Tea Company (Connecticut, U.S.), The Republic of Tea, Inc. (California, U.S.), The Stash Tea Company (Oregon, U.S.), Tazo Tea Company (Washington, U.S.), Shangri La Tea Company (Nevada, U.S.), Newman’s Own, Inc. (Connecticut, U.S.), Organic India Pvt. Ltd. (Lucknow, India), and more.Organic Tea MarketOrganic Tea Market SizePune, India, Dec. 12, 2023 (GLOBE NEWSWIRE) — The global organic tea market is set to gain momentum from the rising popularity of retail organic food and beverages on account of their easy consumption and wide availability. The report further states that the organic tea market size was USD 820.8 million in 2019. It is projected...