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NEW YORK, April 27, 2021 /PRNewswire/ The increasing adoption of electric vehicles (EVs), cost-effectiveness, ease of installation, along with low repair and service cost of automotive busbars, and development of EV charging infrastructure are some of the key factors behind the growing demand for automotive busbars. Moreover, the technological developments in the manufacturing and charging infrastructure of EVs are expected to benefit the global automotive busbar market. Due to these factors, the market is expected to generate $177.1 million in 2030, advancing at a CAGR of 24.6% 2021–2030, according to the market research report published by P&S Intelligence.
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This new report presents a wealth of information on key market dynamics, including drivers, market trends, and challenges, as well as the structure of the global wire harness market. This study offers valuable information about the global wire harness market to illustrate how the market would grow during the forecast period 2020 - 2030.
Key indicators of market growth, which include value chain as well as supply chain analyses, and Compound Annual Growth Rate (CAGR), are elucidated i. This study in a comprehensive manner. This data can help readers interpret quantitative growth aspects of the global wire harness market during the forecast period.