Technavio has announced its latest market research report titled Global Automotive Alternator Slip Ring Market 2020-2024 (Graphic: Business Wire)
Technavio has announced its latest market research report titled Global Automotive Alternator Slip Ring Market 2020-2024 (Graphic: Business Wire)
LONDON--(BUSINESS WIRE )--The new automotive alternator slip ring market research from Technavio indicates Negative growth in the short term as the business impact of COVID-19 spreads.
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"One of the primary growth drivers for this market is the Demand for Automobiles in Emerging Economies,” says a senior analyst for the Consumer Discretionary industry at Technavio.
The demand for passenger cars is increasing in emerging economies such as Brazil, China, and India due to the rising purchasing power of consumers and significant economic growth. The BRIC nations have witnessed growth in industrialization and global trade activities. Over the last few years, China has maintained its position as the world's largest automotive market. The automotive market in India is dynamic and rapidly growing, and several automotive OEMs are entering the market in India. The economic growth of BRIC nations has propelled the growth of the automotive industry. The demand for automotive alternator slip rings will rise with the increasing automotive sales in the region, especially in India, China, and Indonesia.
As the markets recover, Technavio expects the automotive alternator slip ring market size to grow by USD 62.7 million during the period 2020-2024.
Automotive Alternator Slip Ring Market Segment Highlights for 2020
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Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/
The Automotive Alternator Slip Ring Market will grow by USD 62.7 mn during 2020-2024
Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/