Air Brake System Market to Reach USD 4730 6 million By 2027 | CAGR: 3 0%
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Air Brake System – Global Market & Forecast – Business
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Air Brake System - Global Market & Forecast
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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.