Growing demand for vehicles across the globe and demand for high end features in vehicles to drive the market for automotive valves
The global automotive valves market is projected to grow at a CAGR of 2.3% from 2022 to 2027, to reach USD 28.2 billion by 2027. Advance technologies such as antilock braking system (ABS), automatic transmission control, and start stop system are pushing the market for automotive valves. Further, the steadily increasing vehicle production and vehicle electrification coupled with rising stringent emission standards is pushing the automotive manufacturers to make more fuel-efficient vehicles, which is further driving the market for automotive valves.
Asia Pacific is expected to be the overall largest market for automotive valves, by value and volume
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