Automotive Hydraulics System Market News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Share this article Share this article ResearchAndMarkets.com s offering. The Global Automotive Hydraulics System Market is projected to grow at a CAGR of over 6% during 2022-2026. The major drivers contributing to the growing demand of market include increasing sales of OTR vehicles and growing vehicle production. Moreover, growing technological advancements in electro-hydraulic automotive applications can create opportunities for automotive hydraulics system manufacturers which is positively impacting the growth of the market. In terms of regional analysis, Asia Pacific is expected to dominate the market during the forecast followed by North America region due to increasing vehicle production and government mandates regarding the active and passive safety of vehicles. Furthermore, increasing investment in construction activities is projected to drive the growth in this region.

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