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Tag: Brake System Market

Brake System Market by Type, Technology, OHV Brake, and Region

Press Release
According to the new market research report "Brake System Market by Type (Disc, Drum), Technology (ABS, ESC, TCS, EBD), On & Off-Highway Vehicle(Passenger Car, LCV, HCV, Construction-Mining, Tractor), OHV Brake (Hydraulic Wet, Hydrostatic, Dynamic), Actuation and Region ", Published by MarketsandMarkets™, The Automotive Brake System Market is projected to reach USD 26.5 billion by 2026 from an estimated USD 20.9 billion in 2021, at a CAGR of 4.9% during the. Read More>>

Air Brake System – Global Market & Forecast

Press Release
The Air Brake System Market is projected to grow from $4.5 billion in 2018 to $5.6 billion by 2025, at a CAGR of 3.31% during the forecast period. Growth Drivers: Increase in Sales & Production of Commercial Vehicles and Off-Highway Trucks 1.1 Increasing Population Around the Globe 1.2 Increased Urbanization 1.3 Increased Industrialization 1.4 Increased Infrastructural Spending Increased Railways and High-Speed Trains Fail-Safe Nature of Air Brakes Over Hydraulic Brakes. Read More>>

Air Brake System Market – Global Forecast to 2025

Press Release
The Air Brake System Market is estimated to be USD 4.5 billion in 2018 and is projected to reach USD 5.6 billion by 2025, at a CAGR of 3.31% during the forecast period. Increasing heavy commercial vehicle demand, increasing number of railways, rising long-haul transportation, and upcoming safety-related regulatory compliances leading to the boost in air disc brakes in developed as well as developing countries are projected to drive the. Read More>>

Brake System Market is Forecast to Grow at a CAGR of 6.31% During 2020-2025

Press Release
Brake System Market is forecast to reach $32.02bn after growing at a CAGR of 6.31% during 2020-2025. The increase in production and sales volume of the automobiles along with the rise in demand for electric vehiclesis analyzed to drive the Brake System Market during the forecast period 2020-2025. Apart from this the growing stringency in the traffic safety applications is also analyzed to be a major factor driving the market. Read More>>

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