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Automotive Brake Systems Market Profile | Dynamics and Key Players Till 2025

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anjali varma
Automotive Brake Systems Market Profile | Dynamics and Key Players Till 2025

Global Automotive Brake Systems Market is predicted to reach USD 31.11 billion by 2025 owing to the increasing vehicle production due to the growing demand from consumers.

Other factors like government regulations on reducing stopping distances, New Car Assessment Program (NCAP), safety rating certifications, and instructions on installation of electronic brake systems are increasing the demand for disc brakes and other automatic brake systems.

The drum brakes include a drum and backing plate, an axle assembly or a hub, wheel cylinder, wheel bearings, brake shoes and hardware required to organize these components on the vehicle.

Additionally, the rising governmental obligations concerning the improvement of vehicle safety is intensely contributing to the growth of market. Currently, the automotive industry across globe has presented positive signs of recovery recently. Purchase of semi-luxury and luxury high performance vehicles has grown considerably in the past years.

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anjali varma
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