Worldwide sales of automotive brake components are valued at US$ 49.9 billion at present. The global automotive brake components market is forecast to expand at a CAGR of 4.2% to reach a valuation US$ 75.6 billion by 2032. Advancements in braking systems coupled with mandates by regulatory bodies is like to influence the adoption of advanced automotive brake components over the...

The global automotive brake component market is a critical segment of the automotive industry, driven by the increasing demand for vehicle safety, technological advancements, and the rising production of vehicles worldwide. According to a report by Fact.MR, the market is poised for significant growth, influenced by factors such as stringent safety regulations, the shift toward...