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Brake System Market Growth & Key Business Strategies by Leading Industry Players ZF TRW Automotive Holdings Corporation, Continental AG, Aisin Seiki Co. Ltd., Akebono Brake Industry Co. Ltd., Haldex AB, Knorr-Bremse AG, Nissin Kogyo Co. Ltd., Mando Corpor

02-25-2019 06:01 PM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Brake System Market

Brake System Market

Brake system is a mechanical, electronic or hydraulic device which uses friction or heat to stop or reduce the speed of a vehicle. It helps drivers to have better control over vehicle and avoid accidents. The advancement in brake system such as anti-lock braking system enables drivers to have better control by preventing lock-ups and skidding. Increasing cases of accidents and fatalities enforced governments to implement stringent safety regulations and reduce stopping distances. Technological advancements and innovations present new avenues in brake system.

Increasing vehicle production, rising safety concerns, and growing locomotive and rolling stock market fuels the growth of the market. However, low penetration of advanced braking systems in high-growth regions such as China and India are factors restraining the growth of the market. Introduction of by-wire technologies in brake system and regenerative braking system create opportunities for growth in the market.

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The global brake system market is segmented based on application, type, technology, rolling stock & locomotive, and geography. The application segment includes PC, LCV, HCV, off-highway, wagon, RTV and locomotive. The market is classified based on type into disc and drum. The technology segment is classified into ABS, TCS, ESC, and EBD. On the basis of rolling stock & locomotive, the market is further categorized into Air, EP, ECP, and others. Geographically, the market is segmented into North America, Asia-Oceania, Europe, and Rest of the World (RoW).

The leading manufacturers operating in the market are ZF TRW Automotive Holdings Corporation, Continental AG, Aisin Seiki Co. Ltd., Akebono Brake Industry Co. Ltd., Haldex AB, Knorr-Bremse AG, Nissin Kogyo Co. Ltd., Mando Corporation, Brembo S.P.A., and Federal-Mogul Holdings Corporation. They have implemented various strategies, such as partnerships, expansions, mergers & acquisitions, joint ventures, and others in order to strengthen their position in the market.

KEY BENEFITS FOR STAKEHOLDERS:

• The report offers an in-depth analysis of key driving and restraining factors of the global brake system market.
• This report offers an in-depth quantitative analysis of the current market and estimations through 2015 and 2020, which assists in identifying the prevailing market opportunities.
• An extensive analysis of dominant market shares for each segment helps in understanding the current status of market.
• The report provides an extensive analysis of current and future market status of the global brake system market.
• An in-depth analysis of key strategies adopted by leading manufacturers helps in understanding competitive scenario.
• The report provides an exhaustive information about new product launches, research and recent developments of the global brake system market.
• Geographically, the global brake system market is segmented into North America, Asia-Oceania, Europe, and Rest of the World (RoW).

Make a Purchase Enquiry @ https://www.alliedmarketresearch.com/purchase-enquiry/1024?utm_source=OPR

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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