Automotive OEM Coatings Market Insights, Key Players, Growth and Forecast Report
The global automotive OEM coatings market is expected to generate a revenue of over $13,661.4 million by 2024.
By: P&S Intelligence
Furthermore, the launch of strategic alliances between various automobile manufacturing companies is also predicted to fuel the expansion of the global automotive original equipment manufacturer (OEM) coatings market. For example, Tata Motors Limited and Volkswagen AG signed a Memorandum of Understanding (MoU) in April 2017 for manufacturing automobiles and automotive components. Because of these factors, the valuation of the market is predicted to grow from $10,997.4 million in 2018 to more than $13,661.4 million by 2024.
Geographically, the automotive OEM coatings market (https://www.psmarketresearch.com/
Hence, it is safe to say that the demand for automotive OEM coatings will surge sharply all over the world in the coming years, primarily because of the expansion of the automotive industry, especially in the APAC countries such as China and India.