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The Global Electric Vehicle Market was valued at US$ 229.8 Bn in 2021 and is estimated to witness a major leap forward in revenue to US$ 72,798 Bn by 2050. The market is registering a CAGR of 21.99% during the forecast period 2022-2050.
The automotive TIC services market is currently valued to be around US$ 17.2 billion industry and is expected to grow at a CAGR of 4.8% during the forecast period 2021-2027. Automotive TIC Services Market Segmentation By Service Type, Source, Application, and Supply Chain Services.
India bearings market size was valued at US$ 1,772.6 Mn in 2021 and is projected to expand up to US$ 3,374.4 Mn by the end of 2027. The market is registering a growth at a CAGR of 10.9% during the forecast period 2022-2027