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The automotive industry is one of the fastest-growing industries, significantly contributing to the gross domestic product of several countries. Unfortunately, the COVID-19 pandemic posed serious challenges for which the industry was under-prepared. Halted production and disruptions in the supply chain resulted in a huge setback in the automotive industry.
However, with the acceleration in the vaccination process across several countries like the U.K., the U.S., Germany, India, and China, manufacturers are making conscious efforts to bring the automotive industry back on track, with innovations and expansion. The increasing demand for magnetic air vent phone holders is observed to be a major trend prevailing in the automotive mobile accessories market. strategies.
Adoption of mobile accessories in cars and other automobiles is growing on the account of advantages of integrating these digital tools with the performance of the vehicle. Cars equipped with prominent automotive mobile accessories are expected to draw higher customers, while vehicles geared with advanced accessories will pave way for a new consumer base. Both set-ups are indicating that automotive mobile accessories are healthy for stimulating automobile sales. Fact.MR’s latest study on the global automotive mobile accessories market discusses such factors and digs deep into the growth of the market over the past few years.
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The report further offers an insightful forecast on the global market for automotive mobile accessories. Apropos the report, the global market for automotive mobile accessories is anticipated to reach US$ 24.3 Bn value by the end of 2017. Fluctuating commodity prices, rapid adoption of enabling technologies such as Internet of Things (IoT) and improving electrical frameworks in automobile offerings will collectively stimulate the market’s growth, during the assessment period 2017-2022. By the end of 2022, more than US$ 30 Bn worth of automotive mobile accessories will be sold across the globe, reflecting a steady value CAGR.
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https://www.factmr.com/checkout/6Competitive LandscapeThe report has profiled some of the key vendors of the automotive mobile accessories, which include names such as
Additional Questions AnsweredOur analysts have left no stone unturned to arm the readers with the best of insights on automotive mobile accessories market. Some additional aspects of the market addressed in the automotive mobile accessories market report are as follows-
For More Insights https://www.accesswire.com/634275/Automotive-Actuators-Market-Growth-Pursuant-to-Conventional-and-EV-Industries-Recovery-in-2021-FactMR
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