Global Automotive Gearbox Market Key Takeaways, Trend, Developments and Forecast 2030
Automotive Gearbox Market to Reach USD 163.54 Billion by 2030, Growing at a 4.24% CAGR Summary: The Global Automotive Gearbox Market is poised to expand at a compound annual growth rate (CAGR) of 4.24% from 2024 to 2030, reaching a market size of USD 163.54 billion by the end of the forecast period. The market's growth is driven by increasing demand for efficient transmission systems across various vehicle types, including passenger cars, light commercial vehicles (LCVs), and heavy-duty vehicles. The report highlights the competitive landscape, key market drivers, and the impact of COVID-19 on the industry.
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