LONDON–(BUSINESS WIRE)–Technavio has been monitoring the global automotive high-performance brake system market size and it is poised to grow by USD 1.74 billion during 2020-2024, progressing at a CAGR of 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please request Latest Free Sample Report on COVID-19 Impact
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Aisin Seiki Co. Ltd., Akebono Brake Industry Co. Ltd., APC Automotive Technologies LLC, BERINGER SAS, Brembo Spa, Carlisle Companies Inc., Continental AG, Freeman Automotive (UK) Ltd., Wilwood Engineering Inc., and ZF Friedrichshafen AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth