DUBLIN, Feb. 24, 2023 /PRNewswire/ — The “Global Automotive Labels Market – Forecasts from 2022 to 2027” report has been added to ResearchAndMarkets.com’s offering.
The automotive labels market is projected to grow at a CAGR of 9.38% to reach US$11.125 billion by 2027, from US$5.940 billion in 2020. The rising disposable income among the individuals coupled with the increasing propensity to spend is leading to increased production and consumption of automobiles. The growth of various industries has resulted in the creation of more jobs and a rise in the disposable income of individuals.