In a recent research report by Maximize Market Research, the Brake Lathes Market is expected to surpass US $3200 million by the year 2027, from US $2100 million in 2019.
Brake Lathes Market trends:
According to Aftermarket Trade Association for Automotive, Brake Lathes Market is expected to pose a prominent share in equipment manufacturing owing to rising adoption of disc brakes and heavy integration among the manufacturers during the forecast period owing to a chain of products available in the market and flexible Brake Lathes designs along with refining standards of manufacturing. According to Sales experts, sales are expected to reach approximately 130 million units worldwide during the forecast period owing to rising demand for safety braking systems.
Despite a huge decline in the sales of Brake Lathes during the initial phase of pandemic spread and lockdown restrictions all over the region, the market is observed to pick up a quick pace for registering a CAGR of almost more than 6%, during the tenure of 2021 – 2027.
The study is consolidated on the basis of three major segments and further into sub-segments, Installation Type (on car and off the car), Vehicle Type (passenger cars and commercial vehicles), and Application (light-duty vehicles, medium-duty vehicles, and heavy-duty vehicles) to forecast the market value; Also includes the analysis of past market dynamics from 2016 – 2019, considering 2019 as the base year.
Lastly, the market research report provides a regional comparison and complete country-level analysis for the latest trends, along with the major key players- Bendpak, Inc., HOFMANN GmbH, AUTOPRO-UP Co. Ltd., HUNTER Engineering Co., JPW Industries, Inc., Henessey Industries LLC, Pro-Cut International, Interequip Pty Ltd., Robert Bosch GmbH, AMMCO, JET, Qingdao Carlife Automobile Equipment Co. Ltd., ACCU-TURN, Atlas Auto Equipment, Multipro Machines Pvt. Ltd., Sino Star Automotive Equipment Co. Ltd.
You can browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Brake Lathes Market.”
https://www.maximizemarketresearch.com/market-report/global-brake-lathes-market/114615/
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