Research Automotive Brake Valves Market to Witness Steady | Page 8
Automotive Brake Valves Market
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On the basis of sales channel, the global automotive brake valve market can be segmented into:
Original Equipment Manufacturer (OEM)
Aftermarket
Automotive Brake Valve Market: Regional Overview
Global market split of automotive brakes is largely dependent on operating vehicle fleet and automotive
production in respective regions. Currently, Asia Pacific automotive brake market leads the pack with
significant demand volumes followed by Europe and North America region. Stable economic conditions,
consistent automotive production and increasing per capita income are some of the latent drivers
expected to drive growth in the Asia Pacific automotive market, in-turn supporting growth of automotive
brake valves in the region.
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