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SELBYVILLE, Del., March 2, 2021 /PRNewswire/ Global Market Insights Inc. has recently added a new report on the automotive speaker market, which estimates the market valuation for automotive speakers will cross US $7 billion by 2027. Increasing demand for technologically advanced aftermarket automotive audio components is likely to drive industry growth.
Automotive Speakers Market size is set to surpass USD 7 billion by 2027, according to a new research report by Global Market Insights Inc.
The automotive speaker industry is facing several challenges, owing to the quick spread of the COVID-19 pandemic worldwide. Restrictions imposed by various governments on international as well as domestic trade have led to a steady decline in the sale of automotive speakers in the global market. However, the market statistics are anticipated to witness significant growth by 2021 due to the economic revival and containment of the virus.
Automotive Speaker Market is Growing at a 6 5% CAGR to Hit $7B by 2027: GMI prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.