Automotive Brake System Market Demand Boosted by Road Safety Goals
The global automotive brake system market size was valued at USD 47.75 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.5% from 2023 to 2030.The market for automotive brake systems is expected to rise significantly, owing to increased demand for passenger and commercial vehicles in countries such as India and China. In addition, factors such as...
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