Brakes Market (Disc Brakes, Drum Brakes) to Grow 4.66% CAGR by 2021 Nov 2016 | Page 3
Global Brakes (Disc Brakes, Drum Brakes) Market - (By Type, By Region, By
Country): Trends, Opportunities and Forecasts (2016-2021)
Market for brakes is growing steadily on account of the rising number of vehicles in the world, which
is caused by the advancements in the vehicle braking system, and is gaining prominence among
emerging nations. Rising popularity of electric vehicles among the population along with the growing
focus on safety has led to the growth of brake market.
Among the segments, market is expected to be driven by Disc Brakes on account of the technological
improvement leading to higher adoption among the customers.
While developed regions will continue to dominate the market in terms of revenue, emerging nations
are expected to respond to the market optimistically due to the developing technological
advancements, leading to increase in use of disc brakes.
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