The automotive braking system market size was valued at USD xxx billion in 2020 and is projected to grow at a CAGR of 13% from 2021 to 2027, reaching USD 9.27 billion by 2027.
The booming production and sales of vehicles and sales, along with regulations on stopping distances, have generously contributed to the growth and development of the industry. Additionally, developments and innovations in braking systems for two-wheeled vehicles are expected to propel the growth during the forecast period.
A full report of Automotive Braking System Market available at: https://www.orionmarketreports.com/automotive-braking-system-market/60950/
Major Players
The 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.
Automotive Braking System Market- Segmentation
By Brake Type
• Disc Brake
• Drum Brake
By Vehicle-Type
• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles
By Technology
• Anti-Lock Braking System (ABS)
• Electronic Stability Control (ESC)
• Traction Control System (TCS)
• Electronic Brake-Force Distribution (EBD)
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
