Automotive Solenoid Market Size, Share, Industry, Forecast 2026
The global automotive solenoid market is estimated to be USD 4.3 billion in 2021 and is projected to grow at a CAGR of 7.3%, to reach USD 6.2 billion by 2026. The growth of this market is fuelled by rising automation in vehicles and increased vehicle manufacturing in the emerging economies due to urbanization. The fact that solenoids are used in various automotive systems and features in every vehicle...
Automotive Solenoid Market Size, Trends and Forecast 2026
The global automotive solenoid market is estimated to be USD 4.3 billion in 2021 and is projected to reach USD 6.2 billion by 2026, growing at a CAGR of 7.3% from 2021 to 2026. Asia-Pacific is estimated to lead the market during the forecast. The fact that solenoids are used in various automotive systems and features in every vehicle is expected to drive the market during the forecast. With the rising...