October 28, 2020

Europe to Remain Prolific in Automotive Hardware Market, CAGR to Rise at 6% through 2029

Automotive Hardware market is showing promising growth due to in numerous demand as door latch, door seals, etc. South Asia and Pacific region is set to boost their production in the upcoming years with lucrative opportunities for manufacturers too.

DUBAI, UAE / ACCESSWIRE / September 30, 2020 / The Automotive Hardware Market is likely to surpass US$ 100 billion through the forecast period. Manufacturers and key players are regularly focussing on expanding sales opportunities in the market which will in turn widen value and revenue, thereby, paving a path for opportunities. Tough competition between players and lowered auto-sales in South Asian countries can act as key restraints in the market.

ÔÇťAdvancement in technology and increasing demand and production for eco-friendly automotive parts is promoting the market. Cost efficiency and access to technologies plays a key role in shaping the market scenario. The escalating need for passenger vehicles and widening sales

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