The automotive brake system is designed to de accelerate or stop moving vehicles. Brake system in an automobile is an arrangement of mechanical linkages and components to convert its kinetic energy into heat energy. Fuel efficiency regulations and environmental concerns are seen as crucial drivers accelerating the growth of the automotive brake system during the forecast period. Additionally, technological advancements in the field, including intelligent speed adaptation and brake-by-wire, create a favorable landscape for the automotive brake system market in the years to come.
MARKET DYNAMICS
The global automotive brake system market is anticipated to grow in the forecast period owing to driving factors such as stringent regulations concerning active safety, coupled with increasing vehicular production. Moreover, the increasing use of electric components in vehicles is expected to further contribute to the growth of the automotive brake system market. However, the high development cost associated with the electronic brake system is a restraining factor for the market growth. Nevertheless, advanced technologies in the brake systems such as AEBS (Autonomous Emergency Braking System) are likely to offer opportunities for market players in the future.
MARKET SCOPE
The "Global Automotive Brake System Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of automotive brake system market with detailed market segmentation by type, vehicle type, distribution channel, and geography. The global automotive brake system 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 system market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global automotive brake system market is segmented on the basis of type, vehicle type, and distribution channel. Based on type, the market is segmented as disc brakes and drum brakes. On the basis of the vehicle type, the market is segmented as passenger cars, light commercial vehicles (LCVs), and heavy commercial vehicles (HCVs). The market on the basis of the distribution channel is classified as OEM and aftermarket.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global automotive brake system market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The automotive brake system market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting automotive brake system market from both demand and supply side and further evaluates market dynamics affecting 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 & Central America after evaluating political, economic, social and technological factors affecting the automotive brake system market in these regions.
MARKET PLAYERS
The reports cover key developments in the automotive brake system 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 the way for the expansion of business and customer base of market players. The market players from automotive brake system market are anticipated to lucrative growth opportunities in the future with the rising demand for automotive brake system in the global market. Below mentioned is the list of few companies engaged in the automotive brake system market.
The report also includes the profiles of key automotive brake system 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 the last three years, key developments in the past five years.
- ADVICS CO., LTD
- AISIN SEIKI Co., Ltd.
- Akebono Brake Industry Co., Ltd.
- Aptiv PLC
- Brembo S.p.A.
- Continental AG
- Hitachi Automotive Systems, Ltd.
- Mando Corp
- Robert Bosch GmbH
- ZF Friedrichshafen AG
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