Press release
Comprehensive Report on Automotive Brake Systems Market 2018 – 2026 Analysis & Key Player: Knorr-Bremse AG, Akebono Brake Industry Co. Ltd., Autoliv Inc, Delphi Automotive, Aisin Seiki
Automotive Brake Systems Market generated $20.8 billion in 2017 and is anticipated to grow at a CAGR of 6.2% during the forecast period.
This market report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the market.
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Automotive Brake Systems is used for slowing down and halting the motion of vehicle. Automotive brake system converts the kinetic energy of the vehicle into heat energy through friction. The different types of brake systems used in automobiles include mechanical brakes, hydraulic bakes, and air brakes. Automobiles are equipped with two brakes, the foot brake and the hand brake. The foot brake is used for controlling the speed of the vehicle by application of force on the brake pedal, whereas the hand brake is used to stop the movement of the vehicle when parked through a lever.
Asia-Pacific generated the highest revenue in the market in 2017 owing to increasing disposable income and improved living standards in the region. The increasing modernization of vehicles, development of autonomous vehicles, and strict government regulations have resulted in increasing adoption of market in the region.
The leading companies profiled in Automotive Brake Systems Market report includes: -
• ZF Friedrichshafen AG
• Wabco Holdings Inc
• Continental AG
• Delphi Automotive PLC
• Robert Bosch GmbH
• Hitachi Automotive Systems Ltd.
• Aisin Seiki Co. Ltd.
• Knorr-Bremse AG
• Akebono Brake Industry Co. Ltd.
• Autoliv Inc
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Automotive Brake Systems Market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market.
With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.
The demand for Automotive Brake Systems has increased owing to increasing need for road safety, and growing demand for vehicles from emerging economies. The growing need for improved road safety, and modernization of vehicles increases the demand for automotive brake systems.
The introduction of stringent government regulations regarding road safety, and vehicle efficiency further increases the Automotive Brake Systems Market. Rising demand for luxury vehicles, increasing development of autonomous vehicles, growing demand from emerging economies, and technological advancements are factors expected to provide numerous growth opportunities for market in the coming years.
Partial TOC of Automotive Brake Systems Market: -
1. Industry snapshot
2. Ecosystem analysis
3. Market Dynamics
4. Industry analysis - Porter's five force
5. Degree of competition
6. Market PEST Analysis, 2017
7. Market Value Chain Analysis
8. Industry Trends
9. Competitive Ranking Analysis
About Us:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.
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Polaris Market Research and Consulting
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