Press release
Automotive Braking Systems Market 2018 | Expected to reach USD 28.13 billion by 2023 with CAGR 5.46%
Automotive Braking Systems Market
”, Published By Crystal Market Research
Competitive Insights:
The leading players in the market are Robert Bosch GmbH, Federal-Mogul, ZF Friedrichshafen, Autoliv, Akebono Brake Industry, Brembo Brake India Pvt ltd and Continental AG. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
Automotive Braking Systems Market – Industry Highlights:
The Automotive Braking Systems Market was worth USD 17.43 billion in 2014 and is expected to reach approximately USD 28.13 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 5.46% during the forecast period. The market is anticipated to encounter a huge upsurge throughout the following years, inferable from the execution of cutting edge frameworks, for example, Traction Control System (TCS), Antilock Braking System (ABS), Electronic Stability Control (ESC), and Electronic Brake-Force Distribution (EBD), among others. The advent of smart braking systems has prompted a reduction in the quantity of mishaps and loss of lives. These can be incorporated with other safety systems that empower speed control and avoid sliding of vehicles to limit dangers of a potential accident. The expanding production of vehicles and sales combined with rules over halting distances, have contributed majorly to the development and improvement of the business.
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Vehicle Type Outlook and Trend Analysis:
Technological progressions and advent of electro-mechanical brakes, which consolidated the accuracy of computerized microcontrollers and sensors, have empowered automakers to convey most extreme security for passengers. Nonetheless, this has expanded the cost of stopping mechanisms and in this manner, the general vehicle cost. Passenger cars proprietors excessively spend on upgraded stopping mechanisms and accordingly, the fragment is anticipated to develop at a significant CAGR over the forecast period.
Technology Outlook and Trend Analysis:
The ABS portion held the biggest share of the overall industry in 2016. The dynamic endeavours of different automotive associations toward compulsory adoption of ABS in prominent districts have prompted the development of the ABS technology. In like manner, the rising usage of ESC technology, attributable to its apparent advantages in picking up vehicle control in an emergency situation, is anticipated to drive the development of the automotive brake systems market over the conjecture time frame.
Automotive Braking Systems Market – Segmentation:
Automotive Braking System Market, By Type, Estimates and Forecast, 2014-2023($Billion)
Disc Brakes
Drum Brakes
Automotive Braking System Market, By Vehicle Type, Estimates and Forecast, 2014-2023($Billion)
Passenger Cars
Commercial Vehicles
Automotive Braking System Market, By Technology, Estimates and Forecast, 2014-2023($Billion)
Anti-Lock Brake System (ABS)
Traction Control System (TCS)
Electronic Stability Control (ESC)
Electronic Brake-Force Distribution (EBD)
Browse the Report with Table of Content @ https://www.crystalmarketresearch.com/report/automotive-braking-systems-market
Automotive Braking Systems Market - By Region:
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
North America (U.S, Canada, Mexico)
Europe (Germany, France, UK, Italy, Spain, Rest of Europe)
Asia-Pacific (Japan, China, Australia, India, South Korea, Rest of Asia-Pacific)
Rest of the World (Brazil, South Africa, Saudi Arabia, Turkey, United Arab Emirates, Others)
Major TOC of Automotive Braking Systems Market:
Part 1. Introduction
Part 2. Executive Summary
Part 3. Market Overview
Part 4. Market Analysis by Regions
Part 5. Automotive Braking Systems Market, By Application
Part 6. Automotive Braking Systems Market, By Services
Part 7. Automotive Braking Systems Market, By Product
Part 8. Automotive Braking Systems Market, By Region
Part 9. Company Profiles
Part 10. Global Automotive Braking Systems Market Competition, by Manufacturer
10.1. Global Automotive Braking System Sales and Market Share by Manufacturer (2016-2017)
10.2. Global Automotive Braking System Revenue and Market Share by Manufacturer (2016-2017)
10.3. Global Automotive Braking System Price by Manufacturer (2016-2017)
10.4. Top 5 Automotive Braking System Manufacturer Market Share
10.5. Market Competition Trend
Part 11. Automotive Braking Systems Market Forecast (2018-2023)
Continue…
Reason to Purchase:
1) An extensive research study on the Global Automotive Braking Systems Market, and its entire ecosystem, describes the market trends, drivers, restraints and opportunities of the Automotive Braking Systems Market.
2) We provide you the longest possible market segmentation based on type of products, procedures and geography and describe the market share region wise.
3) The report gives a bird eyes view on the competitive landscape which includes mergers and acquisitions, collaborations, market strategies, and new product launches.
Continue…
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About Crystal Market Research:
Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.
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