Automotive Fuse Boxes Market Covering Trends, Market Share and Forecast to 2028

Automobile sales have remained robust in the recent past, with the International Organization of Motor Vehicle Manufacturers (OICA) estimating nearly 97,000,000 units of automobiles, including commercial vehicles and passenger cars, sold in 2017. This has significantly rubbed off on demand and supply of imperative integral components, such as automotive fuse boxes. Pressing requirement of the automotive industry for upgradation to efficient networks, and greater emphasis on sustainability has been paving avenues for developments in automotive electrical equipment and components. The trend will have a direct impact on development and demand for fuse boxes. A recent Fact.MR study foresees the automotive fuse boxes market to showcase a modest 4.6% value CAGR between the period of forecast 2018 and 2028. Over 391,500 thousand units of automotive fuse boxes are envisaged to be sold globally by 2028-end.

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Automotive Fuse Boxes Market: Automakers’ Shift from IC Engines to Power-driven Motors to Impact Growth

Advent of electric vehicles, as part of meeting sustainability goals in the automotive sector, has not only brought significant transformation in the industry, but also have impacted the global power market. Majority