Brake Caliper Market to Exhibit Huge Growth on Account of Strict Regulations for Vehicle and Passenger Safety From Government Till 2022 | Million Insights
Strict regulations for vehicle and passenger safety has resulted in compulsory installation of brake caliper in LCV, PCV, HCV and two-wheelers.
- Strict regulations for vehicle and passenger safety has resulted in compulsory installation of brake caliper in LCV, PCV, HCV and two-wheelers.
- Rising vehicle production worldwide, with major share from the emerging economies is expected to increase the product demand, thereby driving brake caliper market.
- Rise in customer spending power, increase in vehicles sales are few other factors that contribute to the growth of brake caliper market.
- Owing to high standard of living and high disposable income, North America and Europe dominates the brake caliper market.