Automotive Parts Packaging Market - Rapidly Growing Infrastructure Developments in Emerging Economies Drives Market
Worldwide automobile sales were more than 90Mn in the start of 2017 and expected to reach 1Bn by the end of year 2035. Emerging economies such as India, China and Mexico are witnessing robust growth rates of more than 17%. The recent trend shows that the automobile production is shifting to developing economies. Emerging economies started to serve global automotive market due to the rapidly growing regional consumer base, cheap labor and growing cost efficiency in manufacturing.
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