Automotive Brake System Market Size, Share, Trends & Global Forecast by 2028
The automotive brake system market is projected to grow from an estimated USD 23.5 billion in 2023 to USD 30.1 billion by 2028 at a CAGR of 5.1% during the forecast period.
The automotive brake system market growth is mainly driven by the regulations on stopping distance and safety standards in countries such as China, India, Brazil, the European Union, the US, and Canada, among others. Further,...
Brake System Market – Analysis & Developments
The Brake System Market is projected to reach USD 26.5 billion by 2026 from an estimated USD 20.9 billion in 2021, growing at a CAGR of 4.9% during the forecast period. The roll-out of safety regulations has made electronic braking systems a mandatory feature in several countries.
Also, the popularity of disc brakes in passenger cars and commercial vehicles in regions such as North America, Europe...
Automotive Brake System Market worth $28.5 Billion By 2018
The “Automotive Brake System Market By Geography, Brake Type (Disc, Drum), Vehicle Type (Passenger Cars, Light & Heavy Commercial, Two Wheelers) & Technology (Electronically Assisted & Others)—Global Trends & Forecast to 2018” report covers automotive brakes market in terms of volume (thousand tons) and value ($ million) for foundation brake types disc & drum brake....