Global Market Study on Auto Parts Manufacturing: Regulatory Framework for Fuel Emission Shaping up T

Krazymedia16 Jan, 2023Business

Over the past few years, the automotive parts and accessories manufacturing industry has gone through a comprehensive remodelling, which is leading to the advent of a highly competitive industry. According to the market estimates, the global auto parts manufacturing market is projected to reach ~US$ 532 Bn by the end of the forecast period, registering a CAGR of ~3%. Rising disposable incomes in developing countries, especially in Asia, and approval of 100% FDI in countries such as India present the automotive sector lucrative growth opportunities in the region.