Hybrid Product Portfolio of OEMs Projected to Hit 28.5 Million Units by 2030
The hybrid market is projected to grow from 12.4 million units in 2024 to 28.5 million units by 2030 at a CAGR of 13.0%. The major drivers of the market are stringent emission norms set by the governments, an increase in the adoption of sustainable vehicles, and superior efficiency without range anxiety or charging or battery discharge. By region, Europe and China are projected to lead the hybrid...
Innovative Trends Shaping the Future of the Automotive Wiring Harness Market
The Automotive Wiring Harness Market is experiencing significant growth, driven by several key trends shaping the industry’s future. The rising demand for electric vehicles (EVs) and hybrid vehicles is a major factor, as these vehicles require complex and high-performance wiring harnesses to manage power distribution and signal transmission efficiently. The shift towards advanced driver-assistance...