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New York, US, Oct. 31, 2022 (GLOBE NEWSWIRE) — According to a comprehensive research report by Market Research Future (MRFR),”Automotive Glove Box Market Research Report: By Vehicle Type, and Region– Forecast till 2028”, the automotive glove box market is predicted to thrive substantially at a healthy CAGR of approximately 3.5% to attain a valuation of around USD 90 billion by 2028.
Automotive Glove Box Market Overview:
The automotive component suppliers operate to generate glove boxes and help to offer the same to the original equipment manufacturer (OEMs).
Competitive Analysis
The catalog for prominent participants across the global automotive glove box market includes players such as:
- Moriroku Holdings Company
- Recticel
- Magna International Inc.
- Visteon Corporation
- IAC Group
- Trinseo S.A
- ITW
- Minda KTSN Plastic Solutions GmbH & C.O.
- Faurecia
- Yanfeng Automotive Interiors
- Hyundai Mobis
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Automotive Glove Box Market USP Covered
Market Drivers
The global automotive glove box market has experienced massive development in the last few years. The market’s growth is mainly ascribed to these gloves’ handy nature and convenience. Furthermore, the factors such as the growing disposable income, improved degree of socio-economic conditions, increase in the preference & sale of passenger cars, increase in demand for light vehicles, and promising a higher degree of durability are also predicted to influence the growth of the automotive glove box market over the coming years.
Numerous attempts have shown signs of increasing the income of people in the middle range. This has led to tremendous i. Passenger cars have a higher share compared to the number of other automobiles manufactured across various global locations. Further, there has been a substantial in reduced weight. This is expected to bring many functional changes to the market segments in general during…
Read on GNW: Automotive Glove Box Market Projected to Hit USD 90
