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Braking New Ground: Trends, Drivers, and Growth Prospects in the Global Automotive Brake Pad Market | #automotive brake pad market size

Braking New Ground: Trends, Drivers, and Growth Prospects in the Global Automotive Brake Pad Market

Braking New Ground: Trends, Drivers, and Growth Prospects in the Global Automotive Brake Pad Market

The global automotive brake pad market is on a dynamic growth trajectory, with its valuation at approximately US$ 9.35 billion in 2023 and an expected surge to US$ 14.94 billion by 2031, reflecting a robust CAGR of 6.12% from 2024 to 2031.