Automotive Braking Component Market Value to Surpass US $101 Bn by 2026: OEM (Original Equipment Manufacturer), Aftermarket
The global braking component market is projected to be driven by increase in demand for occupant safety. Rise in number of young consumers with preference for high-speed vehicles is boosting the demand for prompt and responsive brakes. Increase in demand for occupant safety among consumers is a primary driver of the automotive brake component market. Rise in demand for electric vehicles has created several opportunities for the brake component market.
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