The global electric vehicle sound generator market will witness a significant CAGR of 15% during 2019 2029.
According to Persistence Market Research (PMR), the global market for electric vehicle sound generators is anticipated to reach an extensive milestone by the end of the year of assessment. In 2017, the global market for electric vehicle sound generators was valued at a little under US$ 34 Mn and is expected to reach a value higher than US$ 214 Mn by the end of the year of assessment. This billion dollar milestone is due to the fast growth of the market across the globe, and is projected to expand at an exponential value CAGR of 26.3% throughout the period of assessment.
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FACTS AT A GLANCE
Companies: Delphi Technologies, Denso Corporation, Continental AG, Denso Corporation, HARMAN International, Nissan Motor Company Ltd., Tesla Inc., Daimler AG, Volkswagen AG, KUFATEC GmbH & Co. KG, Kendrion N.V., Sound Racer, BMW AG, Honda Motor Co., Ltd., and Mando-Hella Electronics Corp.
Coverage: All major geographies and key segments
Segments: Electric Vehicle Sound Generator Market Segmented By Passenger, Cars, LCVs, HCVs Vehicles
Geographies: North America (U.S., Canada),Latin America (Mexico, Brazil, Argentina, Chile, Peru),Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe),CIS and Russia,Asia-Pacific (China, India, ASEAN, South Korea),Japan,Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
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This Persistence Market Research (PMR) study offers analysis and forecast for the global electric vehicle sound generator market between 2019 and 2029. The electric vehicle sound generator market study considers 2018 as the base year, with market values estimated for 2019, and forecast developed for the duration of 2019-2029. Compound average growth rate (CAGR) has been represented from 2019 to 2029. The study covers various perspectives of the global electric vehicle sound generator market, including market dynamics, value chain, pricing analysis, competition analysis, regional and segmental growth comparison, and macroeconomic as well as segment-level projections in a comprehensive manner. Increasing investments, development of EVs, and policy support are expected to play a pivotal role in the growth of the electric vehicle sound generator market.
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The report analyzes the electric vehicle sound generator market at global and regional levels, through market segmentation on the basis of key parameters such as vehicle type, sales channel, and region. The primary objective of the report is to offer key insights on market updates, competition positioning, growth rates, and other relevant information and statistics in a suitable manner to the readers or various stakeholders in the electric vehicle sound generator market. Subsequently, the study aims to analyze the most recent trends, dynamics, and potential strategies in the global electric vehicle sound generator market.
The report is structured to allow readers to develop a thorough understanding of the electric vehicle sound generator market. It begins with market definitions, which are followed by the market background, market dynamics, and market analysis by key segments, regional analysis, and competition landscape. Each section covers a qualitative and quantitative assessment of the electric vehicle sound generator market on the basis of facts, historical developments, and key opinions collected from industry participants through dedicated interviews and trends in the electric vehicle sound generator market.
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