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Rising Demand for Brake Systems in the Automotive Industry
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The global brake system market is expected to reach $42.3 billion by 2034, driven by the growing popularity of electric vehicles and the emphasis on safety measures. Commercial vehicles are in high demand, and key players are employing growth strategies like new product launches and joint ventures.
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How are key players in the brake system market adapting to the growing demand for electric vehicles?
How does the emphasis on safety measures impact the growth of the brake system market?
What are the emerging opportunities in the brake system market?
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