Forecast of Global Brakes Market 2023

Global Brakes market will register a 1.7% CAGR in terms of revenue, reach US$ 12400 million by 2023, from US$ 11200 million in 2017. Brakes for friction product are a mechanical device that inhibits motion by absorbing energy from a moving system. It is used for slowing or stopping a moving vehicle, wheel, axle, or to prevent its motion, most often accomplished by means of friction.