The automotive brake system market is estimated to grow from USD 23.5 billion in 2023 to USD 30.1 billion by 2028, growing at a CAGR of 5.1%. The roll-out of safety regulations has made advanced braking systems mandatory in several countries. Also, the recent regulation …
According to a research report “Automotive Brake System Market by Type (Disc, Drum), Technology (ABS, ESC, TCS, EBD, AEB), OHV Brakes (Hydraulic Wet, Hydrostatic, Dynamic), On & Off-Highway Vehicles & Electric Vehicles, Component, Actuation and Region – Global Forecast to 2028″ published by MarketsandMarkets, the automotive brake system …
The Air Brake System Market is estimated to be USD 4.5 billion in 2018 and is projected to reach USD 5.6 billion by 2025, at a CAGR of 3.31% during the forecast period. The demand for air brake systems is driven by the increasing sales …