Automotive Homologation Service Market: Projected Growth to reach US$ 1,451.24 Million in 2024, Driven by 3.2% CAGR Towards US$ 1,988.66 Million by 2034 | FMI [Yahoo! Finance]
AYRO, Inc. (AYRO)
Company Research
Source: Yahoo! Finance
Homologation ensures vehicles meet safety and regulatory standards, facilitating market entry, faster product launches, and avoiding costly recalls. This trend is expected to continue as consumer safety concerns remain paramount in the automotive industry. NEWARK, Del, April 02, 2024 (GLOBE NEWSWIRE) -- The automotive homologation service market value is expected to rise from US$ 1,451.24 million in 2024 to US$ 1,988.66 million by 2034. This market is expected to be driven by a CAGR of over the next decade. In the age of globalization, strategic overseas trade operations have become common. Homologation service providers are, thus, joining new markets and attaining an upper hand. The growth of automotive homologation services is estimated to be driven by surging international trade. Request a Sample of this Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-10913 Demand for homologation services is rising as automotive companies employ these services to improve
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