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Automotive Brake Pad Market Outlook to 2027: Emerging Trends And Will Generate New Growth Opportunities Status July 2, 2021
By Zaraki Kenpachi -
Automotive Brake Pad Market: Introduction According to the report, the global automotive brake pad market is projected to reach ~US$ 5.4 Bn by 2027, expanding at a CAGR of ~5% during the forecast period. The global automotive brake pad market is likely to be driven by an increase in penetration of disc brakes among all vehicle segments. Rise in number of young consumers with preference for high-speed vehicles is driving the demand for prompt and responsive brakes. Emphasis by governments across the globe on pedestrian safety and rise in awareness about safety and maintenance of vehicle brake systems among consumers are propelling the global braking component market. Increase in demand for high-performance vehicles is further fueling the global automotive braking component market. Get sample copy of at: https://www.transparencymarketresearch.com/sample/sample.php? 몭ag=S&rep_id=76147 Expansion of Automotive Brake Pad Market Rise in sales of SUVs in North America and Europe and the preference of consumers in these regions for driving on o몭-terrain have boosted the demand for robust braking systems. Increasing preference among consumers for quieter and smoother functioning brakes has boosted the adoption of ceramic and organic brake pads.