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Global Gear Demand Rests on Automotive Industry Revival: Fact.MR Study saltlakecitysun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from saltlakecitysun.com Daily Mail and Mail on Sunday newspapers.
FactMR: Global Gear Demand Rests on Automotive Industry Revival: Fact.MR Study
Surging popularity of electric vehicles is anticipated to prompt automotive manufacturers to invest in advanced gear solutions to ensure smooth functioning of the vehicle.
ROCKVILLE, MD / ACCESSWIRE / January 21, 2021 / The global gear market is forecast to make significant gains, registering an annual growth rate of nearly 6% by 2021-end. Notwithstanding the recessionary impact ushered in by the pandemic crisis, growth projections appear largely optimistic over the next decade, according to a report published by award winning market research company Fact.MR.
The market has made unprecedented strides in the past, attributed to a flourishing automotive sector. Amongst all regions, China has remained a highly promising market for automotives, with projections indicating total production reaching 27 billion units by 2017. Hence, Fact.MR projects gear sales to reach US$ 54 Bn by 2021. Furthermore, opportun
Electric Vehicle Motor Controller Market 2020 Share, Growth Forecast, Global Industry Outlook 2025 newyorktelegraph.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newyorktelegraph.com Daily Mail and Mail on Sunday newspapers.