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Automotive High-performance Brake System Market value to increase by over $ 1.5 Billion during 2021-2025

Technavio has been monitoring the automotive high-performance brake system market and it is poised to grow by USD 1.54 billion during 2021-2025, progressing at a CAGR of almost 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. ....

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Automotive High-performance Brake System Market value to increase by over $ 1.5 Billion during 2021-2025 | Technavio

Based on segmentation by application, which is the leading segment in the market?
Based on the application, the market saw maximum growth in theÂ hatchbacks and sedans segment in 2020.
What are the major trends in the market?
The increasing popularity of additive manufacturing in the automotive industry is one of the major trends in the market.
At what rate is the market projected to grow?
The market is projected to grow at a CAGR ofÂ almost 5% during the forecast period.
Who are the top players in the market?
Aisin Corp, Akebono Brake Industry Co. Ltd., BERINGER SAS, Brembo Spa, Carlisle Companies Inc., Centric Parts, Continental AG, Freeman Automotive (UK) Ltd., Wilwood Engineering Inc., and ZF Friedrichshafen AG are the top players in the market. ....

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Automotive high-performance brake market to increase by $1.5 billion – New Business Ethiopia

The automotive high-performance brake system market and it is poised to grow by USD 1.54 billion during 2021-2025, progressing at a CAGR of almost 5% during the forecast period, according to a new report.
The report by Technavio offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Aisin Corp, Akebono Brake Industry Co. Ltd., BERINGER SAS, Brembo Spa, Carlisle Companies Inc., Centric Parts, Continental AG, Freeman Automotive (UK) Ltd., Wilwood Engineering Inc., and ZF Friedrichshafen AG are some of the major market participants. ....

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Automotive High-performance Brake System Market value to increase by over $ 1.5 Billion during 2021-2025

Automotive High-performance Brake System Market value to increase by over $ 1.5 Billion during 2021-2025
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$ 847.25 Million Growth in Global Automotive Air Brake System Market 2021-2025 | 58% Growth to Come from APAC

Automotive Air Brake System Market: Increasing demand for heavy-duty vehicles to drive growth
The market is witnessing an increase in the sales of heavy-duty vehicles across countries such as China, Japan, North American countries, and Western European countries. This is due to increased manufacturing activities and improvement in road infrastructure. Heavy-duty vehicles such as trucks and buses are equipped with air brake systems. Therefore, the growth in the sales of heavy-duty vehicles is expected to drive the demand for automotive air-brake systems during the forecast period.
As per Technavio, regulations on safety solutions of heavy-duty vehicles will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2021-2025. ....

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