Brake System Market Estimated to reach $28.1 billion by 2027
The brake system market is projected to reach USD 28.1 billion by 2027 from an estimated USD 22.2 billion in 2022, growing at a CAGR of 4.8% during the forecast period. The roll-out of safety regulations has made advanced braking systems a mandatory feature in several countries.
Also, the recent regulation to make autonomous emergency brakes mandatory in passenger cars and commercial vehicles in...
Global Brake System Market to Reach $28.1 Billion by 2027
The brake system market is projected to reach USD 28.1 billion by 2027 from an estimated USD 22.2 billion in 2022, at a CAGR of 4.8% during the forecast period.
The brake system market growth is mainly driven by the regulations on stopping distance and safety standards in countries such as China, India, Brazil, European Union, the US, and Canada, among others. In addition, increased demand for...
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...