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,...