Automotive brake components are integral parts of a vehicle brake system. It includes components such as brake disc, brake pads, and shoe, brake calipers, disc rotors, brake cylinder, etc. Growth in demand for high-speed vehicles has led to the development of quick responsive brakes. An increase in the number of sales of sports utility and performance vehicles are driving the growth of the automotive brake components market.
MARKET DYNAMICS
The necessity of brake component and periodic maintenance and replacement of brake components are significantly boosting the growth of the automotive brake components market. Furthermore, the expansion of the automotive industry across the globe and the demand for improving vehicle safety is projected to fuel the automotive brake component market. Technological advancement in the braking system and increasing adoption of regenerative braking & ABS are some of the market trends that are expected to influence the growth of the automotive brake components market during the forecast period.
MARKET SCOPE
The "Global Automotive Brake Components Market Analysis to 2028" is a specialized and in-depth study of the automotive brake components industry with a special focus on the global market trend analysis. The report aims to provide an overview automotive brake components market with detailed market segmentation as of product, vehicle type, and geography. The global automotive brake components market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading automotive brake components market players and offers key trends and opportunities in the automotive brake components market.
MARKET SEGMENTATION
The global automotive brake components market is segmented on the basis of product, vehicle type. On the basis of product the market is segmented as brake pads and shoe, brake disc, brake drum, brake caliper, brake line, brake cylinder, others. On the basis of vehicle type the market is segmented as passenger cars, commercial vehicles.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Automotive brake components market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The automotive brake components market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting automotive brake components market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the automotive brake components market in these regions.
MARKET PLAYERS
The reports cover key developments in the automotive brake components market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from automotive brake components market are anticipated to lucrative growth opportunities in the future with the rising demand for automotive brake components in the global market. Below mentioned is the list of few companies engaged in the automotive brake components market.
The report also includes the profiles of key automotive brake components companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Aisin Seiki Co., Ltd.
- Akebono Brake Corporation
- Brembo S.p.A.
- Hella Pagid GmbH
- Hitachi, Ltd.
- Hyundai Mobis
- Nisshinbo Holdings Inc.
- Robert Bosch GmbH
- Valeo
- ZF Friedrichshafen AG
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