The “Automotive Brake Systems Market” report gives a massive source to analyze the industry and other fundamental technicalities identifying with it. The examination discloses the total assessment and veritable parts of the Automotive Brake Systems market. This study exhibits a straightforward outline of the industry, that integrates applications, blueprints, industry chain structure, and definitions. This report prepares a case for investments in different regions based on a practical view of their regulatory outline, manufacturing dynamics, and availability of skills and resources in that region.
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.
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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.
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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