The global automotive garage equipment market is estimated to be valued at $7 billion in 2019, increasing at a CAGR of about four percent during the projected period of 2019 and 2029.

The U.S. automotive tire market is witnessing growth due to the prospering automotive industry and high demand for tire replacement due to the improving average age of vehicles.

The automotive industry has been incorporating advanced features into vehicles owing to the advent of new technologies.

The global automotive e-axle market size is projected to reach USD 27.19 billion by 2025, growing at a CAGR of 23.7 percent. Electric vehicle production directly influences the demand for automotive e-axles as it is an integral component of a vehicle.

High demand for safety features, stringent safety rules and regulations, and increased requirement for comfort drive the growth in the global ADAS market.

Global sales of the ADAS testing equipment accounted for revenues worth $67 million in 2018 and is projected to grow from there.

Driver automotive state monitoring systems send alerts through audio or visual alarms if the driver is found to be driving in a drowsy, tired, or distracted state.