Automotive Brake System Market growing At 6.89% cagr and reach 30.95 billion value from 2019 to 2023, according to latest Global Automotive Brake System Market 2019 Industry Size, Trends, Share Analysis With Regional Forecast To 2023 report, published by “Market Research Future”.
— Global Automotive Brake System Market segmented by Brake Type (Disc and Drum), by Brake System (ABS, TCS, ESC, and Others), by Vehicle Type (Passenger Cars and Commercial Vehicles), and Region (North America, Europe, APAC, RoW).
Global Automotive Brake System Market Highlights:
Global Automotive Brake System Market growth is attributed to factors such as increase demand for automotive, government mandates to improve the vehicle safety and others. Moreover, increasing demand for commercial, passenger vehicles along with government mandates for improving vehicle safety, is a major market driver for the growth of Automotive Brake System.
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Automotive Brake System Infrastructure Leading Players Analyzed are: The key players in global Automotive Brake System market are Robert Bosch GmbH (Germany), Continental AG (Germany), ZF Friedrichshafen AG (Germany), Wabco Holdings, Inc. (U.S.), Knorr-Bremse AG (Germany), Aisin Seiki Co, Ltd. (Japan), TRW Automotive Holdings Corp (U.S.), Halla Mando Corp. (South Korea), Akebono Brake Industry Co. Ltd.( Japan), Valeo (France).
However, higher cost of the newer technology of Electronic Brake Systems (EBS), acts as a major restraint for Automotive Brake System market. Brake is a mechanism that prevents motion of the vehicle by absorbing energy when the vehicle is in moving condition. Thus, braking system is also used to stop the vehicle or slowing down of vehicle. There are various types of brake systems that are installed in the vehicle such as ABS, TCS, and ESC. They provide safety to the vehicle when the vehicle is in motion. The global Automotive Brake System market is expected to account for market size of 30.95 billion by 2023 with 6.89% CAGR.
Market Segments Analysis:
The market is segmented on the basis of brake type, brake system, vehicle type, and region.
On the basis of brake type, the market is segmented as disc brake and drum brake. Disc brake is expected to account for the largest market share during the forecast period due to the rise in safety regulations by the government. In North America and Europe, the emphasis on increasing the stopping distance, has led to the growth of the disc brake market. Currently, there is an increase in the production of passenger cars, which will drive the growth of the disc brake market.
On the basis of brake system, traction control system (TCS) is expected to account for the largest market during the forecast period due to the growing technology in braking system. Government have set various regulations to make use of this type of braking system for the safety of people. Based on vehicle type, passenger car is expected to account for the largest market during the forecast period due to increase in production of passenger cars.
Market Research Future analysis shows that the global market of Automotive Brake System market is estimated be at USD 30.95 billion by the end of year 2023. Geographically, Asia-Pacific is dominating the market with increasing vehicle production in countries such as India and China and focus on increasing production capacity, are driving the market for Automotive Brake System. Robust economic growth and escalating lifestyles are pushing the market towards growth.
Moreover, high production of vehicles, increasing operational performance, improving drivability and ensuring safety are some of the factors, which boost the market of Asia-Pacific. Many countries including China, Japan, and others are prime manufacturing hubs for a variety of industries including automobile manufacturing. The large-scale use of Automotive Brake Systems in these regions, boost the market.
Automotive Brake System manufacturers
Distributer & Supplier companies
consultants and Investment bankers
Government as well as Independent Regulatory Authorities
Table Of Contents:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
List Of Tables:
TABLE 1 GLOBAL AUTOMOTIVE BRAKE SYSTEM MARKET: BY REGION, 2018-2023
TABLE 2 NORTH AMERICA AUTOMOTIVE BRAKE SYSTEM MARKET: BY COUNTRY, 2018-2023
TABLE 3 EUROPE AUTOMOTIVE BRAKE SYSTEM MARKET: BY COUNTRY, 2018-2023
TABLE 4 ASIA PACIFIC AUTOMOTIVE BRAKE SYSTEM MARKET: BY COUNTRY, 2018-2023
TABLE 5 ROW AUTOMOTIVE BRAKE SYSTEM MARKET: BY COUNTRY, 2018-2023
List Of Figures:
FIGURE 1 RESEARCH PROCESS OF MRFR
FIGUR 2 TOP DOWN & BOTTOM UP APPROACH
FIGURE 3 MARKET DYNAMICS
FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS
FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS
FIGURE 6 PORTER’S FIVE FORCES ANALYSIS
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