Hex Bolt Market: Global Industry Analysis and Forecast (2024-2030)

Krajput06 Jun, 2025News

Due to the increased production of automobiles, the global automotive industry is expected to grow significantly during the forecast period. To cut down on fuel usage, automakers are continually designing new drivetrains and more fuel-efficient engines. They're also using emission-control technology to create cleaner vehicles. Furthermore, as a result of global initiatives such as the Paris Agreement, numerous countries around the globe are imposing higher emission standards on new vehicle model production. Automobile manufacturers are also diversifying their operations into the electric mobility industry; Germany is set to lead the pack, with electric vehicle manufacturing reaching 1.3 million units by 2021.