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Global $15 Billion Automotive Shock Absorber Market Outlook to 2027


Press release content from Business Wire. The AP news staff was not involved in its creation.
Global $15 Billion Automotive Shock Absorber Market Outlook to 2027 - ResearchAndMarkets.com
January 15, 2021 GMT
DUBLIN (BUSINESS WIRE) Jan 15, 2021
Global Automotive Shock Absorber market accounted for $8.60 billion in 2019 and is expected to reach $15.00 billion by 2027 growing at a CAGR of 7.2% during the forecast period.
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Some of the key factors propelling market growth include increase in automobile sales, need for safety and comfort in vehicles, increasing investment and increasing R&D activities and growing automotive aftermarket. However, oil leakage and noise are restraining market growth. ....

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