Global Brake Shoe Market: Industry Analysis and Forecast 2020 -2026

The ongoing economic growth, urbanization or residential sector growth, and a variety of supporting government policies are all contributing to the manufacture and use of automobiles in both developed and developing countries around the world. The growing electrification of vehicles has created the demand to develop lightweight automotive brake friction products. This factor is expected to provide a solid foundation for the brake shoe market's continuous growth during the forecast period.

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