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| Region | Market Share (%) | Average Replacement Cost (USD) | Growth Rate (2023-2028) (%) | Key Drivers |
|---|---|---|---|---|
| North America | 30 | 150 | 5.2 | Increasing vehicle ownership |
| Europe | 25 | 140 | 4.8 | Regulations on vehicle safety |
| Asia-Pacific | 35 | 130 | 6.0 | Rapid urbanization |
| Latin America | 5 | 125 | 3.5 | Increasing import of vehicles |
| Middle East and Africa | 5 | 135 | 4.0 | Infrastructure improvement |