Brake System Market Analysis, Segments, Size, Drivers And Top Players 2030
Brake System Market Overview
The global brake system market, valued at USD 32 billion in 2023, is projected to grow to USD 43 billion by 2030, at a compound annual growth rate (CAGR) of 4.31% during 2024-2030. The market's robust growth is fueled by advancements in automotive technologies, the rise of electric and hybrid vehicles, and increasing safety regulations globally.
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