Rising Sales of Commercial Vehicles is likely to Drive the Automotive Fuse Market at a CAGR of 7.2% During the Forecast Period
“ Automotive Fuse Market: Global Demand Analysis & Opportunity Outlook 2024 ” The global automotive fuse market is segmented into product type such as plug-in fuses, cartridge fuses, cable fuses, PAL fuses, glass fuses and others. Additionally, plug-in automotive fuses or blade type automotive fuses segment is expected to showcase significant growth during the forecast period. Plug- in fuse is one of the major types of fuse which are highly used in automobiles. Moreover, increasing concerns amongst the vehicle makers regarding safety of electronic components in vehicle is anticipated to foster the growth of global automotive fuse market. Global automotive fuse market is expected to register a 7.2% CAGR over the forecast period. Moreover, the global automotive fuse market is expected to reach at USD 16.1 Billion by the end of 2024. The market of automotive fuse is anticipated to grow at remarkable pace over the forecast period owing to increasing number of vehicles across the