Automotive Actuators Global Market Expected to Reach $9.56 Billion with 11.2% CAGR Forecast to 2022
According to Stratistics MRC, the Global Automotive Actuators market is accounted for $4.54 billion in 2015 and is expected to reach $9.56 billion by 2022 growing at a CAGR of 11.2%. Reduction of emissions, fuel consumption, engine downsizing trends and stringent government regulations are some of the major factors that are driving the market growth. Moreover rapidly growing population and consequent hike in the vehicle owning households has been raising the demand for fuel efficient vehicles which in turn are...
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