ASEAN Automotive Aftermarket Expected to Witness High Growth by 2031
According to a recent study, the ASEAN Automotive Aftermarket is reeling from the impact of COVID-19, although recovery will be quicker than in Europe and the United States.
In an updated edition of its analysis, Future Market Insights (FMI), an ESOMAR-certified market research firm, revised the prediction to an 8.7% CAGR. This revised forecast takes into account the global pandemic’s sluggishness.
For both conventional and electric vehicles, under or over-inflated tires reduce fuel efficiency and range (EV). As a result, businesses like Continental AG have created a self-inflating tire design that keeps pressure constant. C.A.R.E (Connected Autonomous Reliable Electrified) is a technology that is closely matched with the needs of e-mobility and autonomous driving.
The tires include built-in pumps in the wheels that guarantee the tire pressure stays within the recommended range for efficiency. This device is projected