Brake Shoes Market Set for Robust Growth Driven
The global Brake Shoes market is gaining significant traction, fueled by rising demand across the automotive aftermarket. According to recent industry analysis, the market was valued at USD 6.82 billion in 2022 and is projected to reach USD 9.95 billion by 2030, growing at a CAGR of 4.8% during the forecast period (2023–203. The increasing focus on vehicle safety, coupled with the growing replacement demand for worn-out brake components, is accelerating market expansion worldwide.
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