Automotive Brake System Market Is Projected to Reflect 5.7% CAGR Throughout 2017-2022
A population explosion, higher standards of living in the middle class coupled with a vast array of financial options have made it relatively easy to access personal forms of mobility in emerging economies. A greater demand for passenger cars naturally benefits the automotive brake system market. Furthermore, safety concerns amongst both consumers and the government have forced the latter to implement stringent safety norms and mandates to improve vehicular safety. New technological innovations such as regenerative braking and ABS also...
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