Automotive Brake Components
Automotive Brake Components Summary
The market for brake systems is primarily driven by the increase in vehicle production as a result of growing demand. Additionally, the brake system market is also influenced by government regulations reducing the stopping distance and environmental regulations surrounding brake pad and shoe residue. For instance, in the U.S., the National Highway Traffic Safety Administration (NHTSA) implemented stopping distance regulations in August 2020, where the stopping distance for unloaded three-axle trucks and loaded three-axle trucks was set to 235 feet and 310 feet, respectively.
The global Automotive Brake Components market will reach Volume Million USD in 2019 and with a CAGR xx% between 2020-2026.
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