Global Automotive Slack Adjuster Market is accounted for $719.10 million in 2020 and is expected to reach $984.14 million by 2028 growing at a CAGR of 4.0% during the forecast period. Increasing demand for advanced braking systems and rise in production and sales of vehicle across the globe are driving the market growth.
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By geography, Asia Pacific is going to have high growth during the forecast period which can be attributed to the high growth rate of automobile manufacturing in the region along with rapid advancements in the industry. Countries such as Japan, China and India are the major contributors to the market growth.
Some of the key players profiled in the Automotive Slack Adjuster Market include Accuride International Inc., Aydinsan Fren Circirlari, Bendix Commercial Vehicle Systems LLC, Ferdinand Bilstein GmbH, Haldex AB, Meritor, Inc., Hubei Aosida, Longzhong, Meritor, Ningbo Heli, Roadage, Stemco is a Longview, Suzhou Renhe, WABCO Vehicle Control Systems, Zhejiang Aodi and Zhejiang Vie Science & Technology Co., Ltd.
Types Covered in Automotive Slack Adjuster Market
• Automatic
• Manual
Materials Covered:
• Ductile Iron
• Forged Steel
Vehicles Covered:
• Heavy Commercial Vehicles
• Light Commercial Vehicles
• Passenger Cars
Install Positions Covered:
• Front & Rear Axle
• Front Axle
• Rear Axle
Distribution Channels Covered:
• Online
• Offline
Sales Channels Covered:
• Aftermarket
• Original Equipment Manufacturers (OEMs)
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