Asia-pacific: largest market for the automotive solenoid market
Asia-pacific is estimated to hold the largest market share, in terms of value, of the global
automotive solenoid market in 2017. The region comprises some of the fastest
developing economies in the world such as china, india, and south korea. There has been
a significant increase in vehicle production volumes over the years, with oems catering
not only to domestic demand but to overseas demand as well.