Automotive Gear Market Set to Surpass $8.5 Billion by 2034, With 5.7% of CAGR | Fact.MR [Yahoo! Finance]
Eaton Corporation, PLC Ordinary Shares (ETN)
Last eaton corporation, plc ordinary shares earnings: 4/30 06:30 am
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Source: Yahoo! Finance
Rockville, MD, July 02, 2024 (GLOBE NEWSWIRE) -- According to a revised study published by seasoned analysts at Fact.MR, worldwide revenue from the Automotive Gear Market size is poised to reach US$ 4.88 billion in 2024 and has been analyzed to increase at a CAGR of 5.7% , to reach US$ 8.5 billion by the end of 2034. Growth of the automotive gear market is being augmented partly by consumer demand for vehicles with improved acceleration and lower carbon emissions. Technological advancements in material and gear manufacturing are enhancing vehicle performance and fuel efficiency. Enhanced vehicle handling and fuel economy result from the development of lightweight and durable gears, reducing overall vehicle weight. For More Insights into the Market, Download a Sample of this Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=1975 Precision forging and computer-aided design (CAD) are two examples of advanced manufacturing techniques enabling the production of durable
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