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Automotive Solenoid Market Expansion Strategies and Future Outlook 2032
The Automotive Solenoid Market is poised for steady growth as the automotive industry accelerates adoption of advanced control systems, electrification, and precision-engineered components. Valued at US$ 5,124.78 million in 2024, the market is projected to expand at a CAGR of 5.80% from 2025 to 2032. The increasing integration of solenoids in light and heavy commercial vehicles, passenger cars,...
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