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According to IMARC Group’s latest report, “GCC Automotive Connectors Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the GCC automotive connectors market size reached US$ 147.4 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 220.2 Million by 2027, exhibiting a growth rate (CAGR) of 7.49% during 2022-2027. Forklift Battery Connector Types
A Closer Look at the GCC Automotive Connectors Market:
Automotive connectors are the electrochemical elements that are primarily adopted for attaching various electrical circuits. These connectors help in joining the head unit to volume controls, power supply, switches, special automobile components, etc. Automotive connectors are extensively utilized for attaching speakers, remote control, external amplifiers, CD decks, satellite navigation systems, etc.
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Note: Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use sectors. These insights are included in the report as a major market contributor.
Check Out What’s New in the GCC Automotive Connectors Market:
The expanding automobile sector, along with the elevating levels of urbanization, is augmenting the sales of automobiles in the GCC region. This, in confluence with the improving consumer living standards, is driving the market for automotive connectors. Additionally, the increasing prominence of high-end infotainment and audio systems is also catalyzing the adoption of electronic components, which is further propelling the market growth in the region. Besides this, the emergence of autonomous and hybrid vehicles with several innovative features, such as adaptive front lighting, park assistance and departure warning systems, cruise control, etc., is positively influencing the demand for automotive connectors. Moreover, several regional manufacturers are using lightweight and heat-resistant materials for wiring harnesses which will continue to drive the demand for automotive connectors in the GCC countries over the forecasted period.
GCC Automotive Connector Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the GCC automotive connector market has been studied in the report with the detailed profiles of the key players operating in the market.
GCC Automotive Connector Market Segmentation:
The report has segmented the GCC automotive connector market on the basis of connection type, connector type, system type, vehicle type, application and country.
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Key Highlights of the Report:
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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