Press release
Automotive Brake Component Market Research Report with Key Players Analysis, Trends and Growth Forecast till 2022
Fact.MR
Request for Sample Report- https://www.factmr.com/connectus/sample?flag=S&rep_id=24
Through technological intervention, manufacturers of automobile braking systems are enhancing the design and durability of automotive brake components in order to boost the vehicle’s overall performance. While OEMs continue to struggle with high replacement rate of automotive brake components, aftermarket presence of such key automotive hardware continues to surges.
The Fact.MR report on global automotive brake components market projects that by the end of 2017, more than US$ 62 Bn worth of automotive brake components will be sold in the world. However, automobile manufacturers are expected to adopt new-age sensing technologies that might limit the need for instinctive braking from vehicle drivers, which will impact the sales of automotive brake components in a roundabout way. Towards the end of 2022, the global market for automotive brake components is anticipated to witness a moderate growth at 4.6% CAGR, procuring a little less than US$ 78 Bn in revenues.
Demand for Disc Brake Components to Incur an Upsurge
A comparative study between two key products in the global automotive brake components market reveal a predominant preference to disc brake systems. While components of disc brake systems require lubricants for proper functioning, their operational efficiency remains to be higher compared to drum brake components that tend to have high replacement rate. Vehicles equipped with disc braking systems continue to attract greater consumer base, indicating a declining demand for conventional brake components. According to the report, disc brake components will be observed as top-selling products in the global automotive brake component market, and will procure more than four-fifth share on global revenues through 2022.
Passenger Cars – Attractive Vehicle Segment
Automotive brake components are of paramount importance in boosting the safety of passengers in vehicles. With soaring demand for compact cars and SUVs across automotive markets in the world, the adoption of automotive brake components is expected to remain high in passenger cars. By the end of 2022, over US$ 57 Bn worth of automotive brake components will be sold for their use in passenger cars. On the other hand, global sales of automotive brake components accounted by commercial vehicles will witness sluggish growth over the forecast period.
Aftermarket Sales of Automotive Brake Components to Gain Traction
The report also projects that towards the latter half of the forecast period, OEMs will lose traction in terms of sales of automotive brake components. Aftermarkets will be observed as largest sales channel for automotive brake components in the global market. Reflecting a 5.7% CAGR, the aftermarket sales of automotive brake components will procure more than half of the global market value throughout the forecast period.
Competition Tracking
Key players in the global automotive brake components market are also profiled in the report. Companies such as ASK Automotive Pvt. Ltd., Continental AG, Robert Bosch GmbH, DAKO-CZ, ZF Friedrichshafen AG, Daimler AG, Akebono Brake Industry Co., Ltd., Brembo S.P.A., Aisin Seiki Co., Ltd., Knorr Bremse AG, Mando Corporation and Wabco Holdings Inc. are expected to actively partake in the growth of global automotive brake components market through 2022.
Browse Full Report with TOC- https://www.factmr.com/report/24/automotive-brake-component-market
Table of Content:
1. Global Automotive Brake Component Market - Executive Summary
2. Global Automotive Brake Component Market Overview
2.1. Introduction
2.1.1. Global Automotive Brake Component Market Taxonomy
2.1.2. Global Automotive Brake Component Market Definition
2.2. Global Automotive Brake Component Market Size (US$ Mn) and Forecast, 2012-2022
2.2.1. Global Automotive Brake Component Market Y-o-Y Growth
2.3. Global Automotive Brake Component Market Dynamics
2.4. Supply Chain
2.5. Cost Structure
2.6. Pricing Analysis
2.7. Raw Material Sourcing Strategy and Analysis
2.8. List of Distributors
2.9. Key Participants Market Presence (Intensity Map) By Region
3. Global Automotive Brake Component Market Analysis and Forecast By Product Type
3.1. Global Automotive Brake Component Market Size and Forecast By Product Type, 2012-2022
3.1.1. Disc Automotive Brake Component Market Size and Forecast, 2012-2022
3.1.1.1. Revenue (US$ Mn) Comparison, By Region
3.1.1.2. Market Share Comparison, By Region
3.1.1.3. Y-o-Y growth Comparison, By Region
3.1.2. Drum Automotive Brake Component Market Size and Forecast, 2012-2022
3.1.2.1. Revenue (US$ Mn) Comparison, By Region
3.1.2.2. Market Share Comparison, By Region
3.1.2.3. Y-o-Y growth Comparison, By Region
Continued….
Check Discount on This Report- https://www.factmr.com/connectus/sample?flag=D&rep_id=24
About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized automotive market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
Contact Us
Fact.MR
Suite 9884
27 Upper Pembroke Street,
Dublin 2, Ireland
Telephone: +353-1-6111-593
Email: sales@factmr.com/
Web: https://www.factmr.com/
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive Brake Component Market Research Report with Key Players Analysis, Trends and Growth Forecast till 2022 here
News-ID: 1014404 • Views: …
More Releases from Fact.MR
Intracranial Aneurysm Market is Expamding at a CAGR of 10.5% by 2035 |
The global intracranial aneurysm market is poised for robust growth over the next decade, as innovations in treatment techniques and a growing focus on early detection fuel demand. According to the latest market research, the industry is projected to expand at a strong CAGR of 10.5% during the forecast period from 2025 to 2035. This growth trajectory is expected to elevate the market value from USD 1,626 million in 2024…
Airport Kiosk Market to Reach USD 5.67 Billion by 2033 | Avantor, Charter Medica …
The global aviation industry is undergoing a massive transformation as airports increasingly turn to automation and digitalization to enhance passenger experience, reduce operational costs, and improve efficiency. Among the most visible symbols of this shift are airport kiosks, which are now integral to check-in, security, boarding, and baggage handling processes. According to the latest research, worldwide demand for airport kiosks is set to grow at a compound annual growth rate…
Airport Kiosk Market to Reach USD 5.67 Billion by 2033 Driven by Automation in A …
The global aviation industry is undergoing a massive transformation as airports increasingly turn to automation and digitalization to enhance passenger experience, reduce operational costs, and improve efficiency. Among the most visible symbols of this shift are airport kiosks, which are now integral to check-in, security, boarding, and baggage handling processes. According to the latest research, worldwide demand for airport kiosks is set to grow at a compound annual growth rate…
Remote Control Market is Expanding at a CAGR of 4.8% by 2034 | Omni Remote; Zeni …
The global remote control market is on a steady growth trajectory, underpinned by rapid technological advancements and the growing penetration of smart consumer electronics. According to the latest projections by Fact.MR, the market, valued at USD 26.4 billion in 2024, is expected to expand at a CAGR of 4.8% during the forecast period from 2024 to 2034, reaching USD 42.1 billion by the end of 2034. As households and industries…
More Releases for Automotive
Automotive Grommet Market set for explosive growth: Cooper Standard Automotive, …
According to HTF MI, "Global Automotive Grommet Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2030". The Global Automotive Grommet Market is anticipated to grow at a compound annual growth rate (CAGR) of 5.96% from 2024 to 2030, reaching USD 100 Billion in 2024 and USD 150 Billion by 2030.
Automotive grommets are protective rings or eyelets made from rubber or plastic, used to protect or cover holes in metal…
KSA Automotive Market | KSA Automotive Industry | KSA Automotive Industry Resear …
Saudi Arabia’s automotive market faced a decline in new car sales due to tripling of value-added tax (VAT) rates. Effective in July 1, 2020, Saudi Arabia hiked its VAT from 5% to 15%.
Vision 2030 trying to attract foreign investment to kick start Dammam manufacturing city to aid re-exports & fulfill domestic demand
Surge in Domestic Manufacturing to gain independence of Imports: With Vision 2030, KSA is trying to gain impendence of…
Automotive Fuel Injectors Market: Growing Automotive Sales Fueling Automotive Fu …
Automotive fuel injectors market is likely to grow at a steady pace in the long run, according to a new report by Fact.MR. The demand for automotive fuel injectors continues to remain influenced with a multitude of industry-specific and macroeconomic factors. Significant growth in the automotive sector, coupled with increasing vehicle fleet remain instrumental in driving the demand for automotive fuel injectors worldwide. Fact.MR estimates that the sales of automotive fuel injectors are expected…
Global Automotive Safety Market 2019 Worldwide Outlook By Autoliv, Delphi Automo …
Automotive safety systems are designed to comply with the standards and regulations prescribed by government agencies and transport authorities worldwide. Passive safety systems are designed to protect passengers, drivers, and pedestrians during an accident.
In terms of region, the global Automotive Passive Safety Systems market can be segmented into North America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is likely to hold a prominent share of the global…
Global Oil Pump for Automotive Market 2018 Analysis -Bosch,Denso,Aisin Seiki,Del …
According to this study, over the next five years the Oil Pump for Automotive market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2023, from US$ xx million in 2017. In particular, this report presents the global market share (sales and revenue) of key companies in Oil Pump for Automotive business.
Get Sample Copy of this Report for more Information…
Global Automotive Body Welded Assembly Market 2018 - Daesan, Baylis Automotive, …
Accord Market, recently published a detailed market research study focused on the “Automotive Body Welded Assembly Market” across the global, regional and country level. The report provides 360° analysis of “Automotive Body Welded Assembly Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of…
