Global Brake System Market - Size, Trend, Share, and Opportunity Analysis & Forecast, 2014-2025
Brakes are mechanical devices used for slowing or stopping a moving vehicle by applying pressure on the wheels. Rising number of vehicles and advancements in the vehicle braking systems are the major driving forces for the global brake system market. Brake system consists of different components such as brake pads, brake shoes, rotor, piston brake drum, brake booster, and caliper. The growth in the automotive industry is anticipated to foster the market growth. Based on product type, the Brake System Market is segmented as disc brakes and drum brakes. According to application industry, it is categorized into two-wheeler motor vehicles, passenger car vehicles, and light commercial vehicles (LCV). By technology, it is classified as anti-lock braking system (ABS), traction control system (TCS), and electronic braking system (EBS). Geographic breakdown and deep analysis of each of the aforesaid segments is included for North America, Europe, Asia-Pacific, and LAMEA. Request Sample At: https://www.progressivemarkets.com/industry-research/brake-system-market
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