The brake system parts market in India, excluding motor vehicle linings, shows a forecasted growth in value per capita from 2024 to 2028, starting at USD 1.54 and reaching USD 1.75. As of 2023, the market stood at USD 1.50 per capita. Over the past two years (2023-2025), there is a consistent year-on-year increase of approximately 3.87%, while the compound annual growth rate (CAGR) from 2024 to 2028 is estimated at around 2.58% annually.
**Future trends to watch:**
- Technological advancements in brake systems and automation.
- A shift towards electric vehicles which may affect demand for traditional brake parts.
- Stronger regulatory requirements for safety, requiring more advanced braking systems.
- Economic conditions influencing consumer purchasing power and vehicle sales.