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FactMR: Automotive Actuators Market Growth Pursuant to Conventional and EV Industries Recovery in 2021: Fact.MR

FactMR: Automotive Actuators Market Growth Pursuant to Conventional and EV Industries Recovery in 2021: Fact.MR
Comparatively better faring sales in Q1 2021 as opposed to the preceding year to bolster sales
NEW YORK, NY / ACCESSWIRE / March 9, 2021 / Fact.MR: Award winning market research company Fact.MR's global automotive actuators market report projects a gradual yet positive upswing through 2021, as the global automobile industry experiences a slow-paced recovery from the COVID-19 pandemic. Eventually, growth is likely to pick up pace, experiencing over 5% CAGR through 2031.
According to the International Organization of Motor Vehicle Manufacturers (OICA), a bleak 2019 saw a marked decline of over 5% in global automotive production- being valued at around 92 million vehicles. This downswing carried forward into 2020, with the figure rising to nearly a fifth of the total decline. However, optimism is bound to arise with the expanding electric vehicles (EV) market, with global figures experiencing a 112% y-o-y surge in January 2021.

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Automotive Actuators Market Growth Pursuant to Conventional and EV Industries Recovery in 2021: Fact.MR

Automotive Actuators Market Growth Pursuant to Conventional and EV Industries Recovery in 2021: Fact.MR
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Automotive Actuators Market Growth Pursuant to Conventional and EV Industries Recovery in 2021: Fact.MR

Automotive Actuators Market Growth Pursuant to Conventional and EV Industries Recovery in 2021: Fact.MR
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Automotive Actuators Market Growth Pursuant to Conventional and EV Industries Recovery in 2021: Fact.MR

Automotive Actuators Market Growth Pursuant to Conventional and EV Industries Recovery in 2021: Fact.MR
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