CORRECTING and REPLACING Global Automotive Power Window Motor Market to Generate $ 518 Million Revenue During 2020-2024 | 59% Growth to Originate from APAC | Technavio
LONDON–(BUSINESS WIRE)–Please replace the release issued Dec. 1, 2020 with the following corrected version due to multiple revisions.
The updated release reads:
GLOBAL AUTOMOTIVE POWER WINDOW MOTOR MARKET TO GENERATE $ 518 MILLION REVENUE DURING 2020-2024 | 59% GROWTH TO ORIGINATE FROM APAC | TECHNAVIO
The automotive power window motor market is expected to grow by USD 518.04 million, progressing at a CAGR of over 2% during the forecast period.
The growing adoption of the power window system is one of the major factors propelling the market growth. However, factors such as the high chances of power window motor malfunctioning will hamper growth.