4th September 2019 – Global Automotive
Brake Systems Market is predicted to reach USD 31.11 billion by 2025
owing to the increasing vehicle production due to the growing demand from
consumers. Automotive brake systems are the technologies that combine brake
controls and sensors to avoid high-speed road accidents. Some automotive brake
systems are designed to simply reduce the speed of vehicles before hitting a
roadblock while some brake systems completely avert the mishaps. Since
high-speed collisions are more dangerous than the low-speed collisions,
automotive braking systems saves lives and reduces the vehicle damage during a
mishap.
Most systems offer braking support to
the driver while others adeptly activate the brakes with no driver input. Other
factors like government regulations on reducing stopping distances, New Car
Assessment Program (NCAP), safety rating certifications, and instructions on
installation of electronic brake systems are increasing the demand for disc
brakes and other automatic brake systems.
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The automotive brake systems market
comprises disc brakes and drum brakes. The disc brakes include a rotor or a
disc, disc brake pads, a caliper assembly, the wheel bearings and the hardware
required to organize the components on the vehicle. The master cylinders are
connected to the caliper through tubes, valves and hoses that conduct brake
fluid via system. The drum brakes include a drum and backing plate, an axle
assembly or a hub, wheel cylinder, wheel bearings, brake shoes and hardware
required to organize these components on the vehicle. The master cylinder is
connected to the wheel cylinder via tubes, valves and hoses that conduct brake
fluid via system.
The ever-growing demand and successive
production of vehicles are regarded as major drivers for the rising demand of
automotive brakes. Additionally, the rising governmental obligations concerning
the improvement of vehicle safety is intensely contributing to the growth of
market. However, the high cost of enhanced technology of EBS (Electronic Brake
Systems) as compared to the very common hydraulic brakes is a major obstacle in
the growth of market. Currently, the automotive industry across globe has
presented positive signs of recovery recently. Purchase of semi-luxury and
luxury high performance vehicles has grown considerably in the past years. Consequently,
the demand for the efficient brake system for vehicles like passenger cars,
heavy & light commercial vehicles and the two-wheelers are continuously on
the rise. This in turn is expected to contribute largely to the growth of
automotive brake systems market in the forecast period.
Global Automotive Brake System Market is
classified on the basis of brake type, technology, application and geography.
On the basis of brake type, market is segmented as drum brake and disc brake.
Disc brake is predicted to dominate market owing to the increasing safety
regulations by the government. On the basis of technology, the automotive brake
system market is divided into ABS (Anti-lock Braking System), TCS (Traction
Control System), ESC (Electronic Stability Control), and others. Traction
control system is predicted to dominate automotive brake systems market in
forecast period due to the increasing technology in the brake systems.
Geographically, the automotive brake
system industry can be segmented as North America, Asia Pacific, Europe, RoW
(rest of the world). Asia Pacific is expected to hold larger share of the
automotive brake systems market due to the growing demand for passenger cars
and commercial vehicles from the emerging regions like China and India. In
terms of revenue of the industry, China is predicted to dominate automotive
brake systems market in near future followed by Japan, Europe and North
America.
The key players actively involved in the
automotive brake systems market are Akebono Brake Industry Co., ZF
Friedrichshafen AG, Aisin Seiki, Continental AG, Brembo SpA, Knorr-Bremse AG,
Knorr-Bremse AG, Robert Bosch GmbH, Wabco Holdings Inc, and Mando Corporation.
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