Convergence of a wide range of technologies and industries within the automotive space has been paving lucrative avenues for stakeholders, which has led them in employing strategies to bank on dynamically evolving trends. Technology driven trends such as autonomous driving, connected vehicles, blockchain, and 3D printing have further been influencing developments in vehicles by improving their efficiency.
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This has further spurred sales of automobiles across the globe since the recent past. According to International Organization of Motor Vehicle Manufacturers (OICA), total number of automotive vehicles produced worldwide surpass 97,300,000 units, while automotive sales, including cars and commercial vehicles, closes in on nearly 97,000,000 in 2017. Robust sales of vehicles have rubbed off on demand for imperative integral components, and automotive heater core is no exception. A new report of Fact.MR projects a modest 2.9% CAGR for the automotive heater core market over the period of forecast (2018-2028).
Automotive Heater Core Manufacturers Capitalizing on Heater Demand in Electric Vehicles