FRIEDRICH VRWRK GRP U/ADR

The global automotive performance parts market is expected to grow from $322.3 billion in 2023 to $533.1 billion in 2033, driven by factors like increased demand for fuel-efficient vehicles, vehicle customization, and e-commerce expansion. However, high costs of premium parts and economic uncertainties could hinder growth.

Related tickers: FRVWY, CMI, LKQ.

The global automotive brake system market is expected to grow significantly, driven by the increasing adoption of advanced technologies like brake-by-wire, regenerative braking, and automation. Disc brakes are the dominant technology, offering superior performance and compatibility with modern safety systems. The market is also witnessing the integration of advanced materials and the development of innovative braking solutions.

Related tickers: KNRRY, FRVWY.