Automotive Disc Brake Market: A Vital Component of Modern Vehicles
Twice as effective in stopping the vehicle, lighter in weight, longer functioning, and not subject to fade and overheating, disc brakes soon replaced drum brakes for all kinds of passenger and commercial vehicles. The disc brake market for vehicles is expected to register a substantial growth rate over the years to come as a result of the increasing vehicle production and improved vehicle brake technology, apart from the legislative safety requirements.
Market Growth and Size
The global automotive disc brake market is forecast to grow to US$ 23,200.81 million in 2031 from US$ 16,789.44 million in 2023, with a CAGR of 4.1%023-2031.
https://www.theinsightpart...
Twice as effective in stopping the vehicle, lighter in weight, longer functioning, and not subject to fade and overheating, disc brakes soon replaced drum brakes for all kinds of passenger and commercial vehicles. The disc brake market for vehicles is expected to register a substantial growth rate over the years to come as a result of the increasing vehicle production and improved vehicle brake technology, apart from the legislative safety requirements.
Market Growth and Size
The global automotive disc brake market is forecast to grow to US$ 23,200.81 million in 2031 from US$ 16,789.44 million in 2023, with a CAGR of 4.1%023-2031.
https://www.theinsightpart...
1 month ago
