Automotive Pressure Plates Market on the Rise [2028]- A Deep Dive into the Growth & Forecast
According to TechSci Research report, “ Global Automotive Pressure Plates Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Automotive Pressure Plates Market stood at USD 25.5 billion in 2022 and is anticipated to grow with a CAGR of 6.70% in the forecast period, 2024-2028. Due to increased emphasis on road safety and the implementation of more stringent government regulations, the Asia-Pacific Automotive Pressure Plates market is expected to grow at a rapid pace. Furthermore, the Automotive Pressure Plates market in China commanded the highest market share, while the Automotive Pressure Plates market in India grew at the fastest rate in the Asia-Pacific area. Due to the region's high demand for reasonably priced mechanical and electrical components, as well as easy access to raw materials, Europe has the second-largest market share for automotive exterior smart lighting. The fastest compound annual g...