Report ID: SQMIG25A2260
Automotive Fuse Market Size, Share, Growth Analysis, By Fuse (Blade, Glass Tube, Semiconductor and Others), By Application(Auxiliary Fuse, Engine Fuse, Charge Inlet Fuse, Battery Fuse), By Voltage(12 & 24 V, 24–48 V, 49–150 V, Others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG25A2260 |
Region:
Global |
Published Date: April, 2024
Pages:
222
|
Tables:
93 |
Figures:
76
Automotive Fuse Market Regional Insights
The North American region is the leader in the automotive industry, which is driving the market growth. Traditionally, the United States is a global technology leader, and the largest automotive market in North America. It is the market leader in the region, with the highest sales of passenger cars, LCVs and HCVs. It also leads the EV market in line with the highest number of EVs sold in the North American region.
Asia Pacific is expected to grow at the significant CAGR during the forecast period, as several major automakers in countries such as India, China and Japan are also supported by expanded government efforts in the region. For instance, the Government of India Automotive Mission Plan is a joint initiative of the Government of India and the Indian automotive industry to set a road map for the growth of the sector. In addition, the Indian government expects the automotive industry to attract US$8-10 billion in local and foreign investment by 2023.
Automotive Fuse Market Report Snapshots
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