Technology News & Trends

  Brake Pad Market: Introduction The global  brake pad market  is projected to cross  US$ 5.6 Bn  by 2030, expanding at a CAGR of ~4% during the forecast period. According to the statistics of World Bank Group, GDP of the global population, measured in terms of purchasing power parity, has tripled in last few decades. This increase in purchasing power of the global population has led to a rise in sales of vehicles across the globe. The increase in sales of vehicles has boosted the demand for automotive spare parts, thus driving the global brake pad market. The increase in awareness about vehicle safety has led to the disc brakes becoming a standard feature in vehicles across most countries. Numerous automakers are mounting disc brakes on all wheels of their vehicle models. This has increased the number of brake pads required per vehicle, thus boosting the brake pad market across the globe. Expansion of Brake Pad Market Government authorities of various countries...

  Brake Pad Market: Introduction The global  brake pad market  is projected to cross  US$ 5.6 Bn  by 2030, expanding at a CAGR of ~4% during the forecast period. According to the statistics of World Bank Group, GDP of the global population, measured in terms of purchasing power parity, has tripled in last few decades. This increase in purchasing power of the global population has led to a rise in sales of vehicles across the globe. The increase in sales of vehicles has boosted the demand for automotive spare parts, thus driving the global brake pad market. The increase in awareness about vehicle safety has led to the disc brakes becoming a standard feature in vehicles across most countries. Numerous automakers are mounting disc brakes on all wheels of their vehicle models. This has increased the number of brake pads required per vehicle, thus boosting the brake pad market across the globe. Expansion of Brake Pad Market Government authorities of various countries...

  Brake Pad Market: Introduction The global  brake pad market  is projected to cross  US$ 5.6 Bn  by 2030, expanding at a CAGR of ~4% during the forecast period. According to the statistics of World Bank Group, GDP of the global population, measured in terms of purchasing power parity, has tripled in last few decades. This increase in purchasing power of the global population has led to a rise in sales of vehicles across the globe. The increase in sales of vehicles has boosted the demand for automotive spare parts, thus driving the global brake pad market. The increase in awareness about vehicle safety has led to the disc brakes becoming a standard feature in vehicles across most countries. Numerous automakers are mounting disc brakes on all wheels of their vehicle models. This has increased the number of brake pads required per vehicle, thus boosting the brake pad market across the globe. Expansion of Brake Pad Market Government authorities of various countries...