Brake Friction Products Market Set to Reach $13.3 Billion by 2026
The brake friction products market is projected to reach USD 13.3 billion by 2026 from USD 10.8 billion in 2021, at a CAGR of 4.3%. Increasing demand of passenger cars with brake disc and developments in the brake technology, stopping distance regulations are expected to drive the brake friction products market.
The passenger car segment is estimated to be the fastest-growing segment...
Brake Friction Products Market: Trends and Developments
The Brake Friction Products Market is projected to reach $13.3 billion by 2026 from $10.8 billion in 2021, at a CAGR of 4.3% during the forecast period. Stringent emission norms and brake disc technology, advanced brake friction materials to drive the brake friction products market.
Stringent brake emission norms, increased safety standards, stopping distance regulations, increase in vehicle...