Global Automotive Braking System Market
Automotive Braking System Market Size And Forecast
According to Verified Market Research, Global Automotive Braking System Market was valued at USD 19.85 Billion in 2018 and is projected to reach USD 28.51 Billion by 2026, growing at a CAGR of 4.6% from 2019 to 2026.
Global Automotive Braking System Market Outlook
The increasing concern for vehicle safety owing to the number of road incidences is the key factor responsible for propelling the growth of the market. In addition, the increasing production of automobiles in response to the growing utilization by the consumers is another factor impelling the positive outlook on the market. Moreover, the introduction of stringent government safety norms led to accelerating market growth. However, the cost associated with the advanced braking system is hindering the market growth.
Global Automotive Braking System Market Competitive Landscape
The Global Automotive Braking System Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Fedeal-Mogul Holding, Robert Bosch GmbH, Performance Friction Corporation (PFC) Brakes, Akebonbo Brake Industry Co., Disc Brakes Austraia (DBA), ZF TRW Co., Hitachi Automotive Systems Brembo SpA, Continental AG Aptiv PLC (Delphi) and TVS Brake Linings Co.
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