Air Brake System Market Size, Share, Trends & Analysis by 2028
The global air brake system market size was valued at USD 3.1 billion in 2023 and is expected to reach USD 3.4 billion by 2028, at a CAGR of 2.2% during the forecast period 2023-2028. The air brake system market is expected to grow due to several factors. These include the rising demand for heavy commercial vehicles, the expansion of railways, increased long-haul transportation, and upcoming safety-related...
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...