Automotive Brake Pad Market 2024–2031: Evolving Technologies and Safety Standards
The global Automotive Brake Pad Market was valued at USD 9.35 billion in 2023 and is anticipated to reach USD 14.94 billion by 2031. This growth represents a Compound Annual Growth Rate (CAGR) of 6.12% from 2024 to 2031. The increasing demand for advanced braking systems, driven by rising vehicle production and heightened safety regulations, is a significant factor contributing to this market...
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