Global Automotive Brake Fluid Market Size, Shares, Growth, Segments, Industry Analysis & Outlook 2018-2024
Get Sample Report Copy for Market Insights @ www.infiniumglobalresearch.com/reports/sample-request/1780
Automotive Brake Fluids Market: Industry Insight
The automotive brake fluids are solutions that are used to aid the movement of the brake pedal to actuate the brake pads at the wheels. Brake fluid also lubricates and provides resistance to corrosion. The brake fluids maintain and enhances the performance of the breaking systems in the vehicles. These fluids are used in vehicle systems such as passenger cars, utility vehicles, SUVs, motorcycles, trucks, buses, and trailers. The global automotive brake fluid market is estimated to reach a value of USD 1,038.6 Million with a CAGR of 3.09% during the forecast period of 2018-2024.
Automotive Brake Fluids Market: Drivers and Restraints
The rise in the global vehicle sales owing to the growing urbanization in several developing nations and the increasing spending power of the consumers is the primary factor that driving the growth of automotive brake fluids market. Furthermore, high demand for vehicles coupled with the increased adoption of the advanced braking system over the globe is augmenting the growth of the market. However, fluctuation in the price of the raw material is likely to restrain the growth of automotive brake fluid market. Moreover, the expansion of the automotive industry in several emerging economies drives the growth of the automotive brake fluids market.
Enquire here Get Customization & Check Discount for Report @ www.infiniumglobalresearch.com/reports/request-discount/1780
Automotive Brake Fluids Market: Segmentation
The report on global automotive brake fluid market is segmented into fluid types, vehicle type, and product type.
The fluid type is further categorized into petroleum and non-petroleum. Among these fluid types, the non-petroleum-based fluids accounted for the largest share of 78.10 % in the global automotive brake fluid market. These products are vastly consumed in the automotive industry as it maintains a low level of compressibility even with varying temperatures, to accommodate different environmental conditions.
The vehicle type is further categorized into passenger cars, utility vehicles, SUVs, motorcycles, trucks and buses, and trailers. Among these vehicle types, passenger cars segment holds the largest share of 56% in the total addressable market while sport utility vehicles are the fastest growing segment. The high sales of passenger vehicles coupled with increased use of automotive brake fluid owing to its benefits such as prevention of corrosion in the brake system, protection against brake failure from vapor lock drive the growth of this segment in the automotive brake fluid market.
The product type is further categorized into castor oil-based (pre-DOT, DOT 2), glycol-based (DOT 3, 4, 5.1) and silicone-based (DOT 5). Among these product types, Glycol-based products emerged as the dominant product type segment in 2017 with 78% market share by value. They protect full metallic components in the braking system from potential system failure and corrosion damage.
Automotive Brake Fluids Market: Regional Insight
Asia-Pacific is the dominant region in the global automotive brake fluid market and is expected to reach a market size of USD 490.1 million by 2024. The Asia-Pacific automotive brake fluid market is anticipated to grow at the highest CAGR of 3.51% from the period of 2018 to 2024 owing to the ongoing urbanization, favorable macroeconomic and demographic trends, a burgeoning consuming class, and supportive regulations and policies. The growing automotive sales in the Asia Pacific region is primarily increasing the demand for the automotive brake fluid. China is already the world’s largest automobile market, with more than 19 million vehicles sold annually. North America is the second largest region in the global automotive brake fluid market owing to the presence of several global vehicle manufacturers and the growth of the ride-sharing industry in this region.
Automotive Brake Fluids Market: Competitive Analysis
The global automotive brake fluid market is highly competitive in nature is characterized by the presence of many global, regional, and local companies. The leading players in the global automotive brake fluid market include BASF, Castrol, Robert Bosch GmbH, Total S.A., Dow Automotive Systems, Delian Group, FUCHS, Exxon Mobil, Copton, Shenzhen Pingchi Industry Co and FAW Group Corporation and Shell.
Browse Detailed TOC, Description, and Companies Mentioned in Report @ www.infiniumglobalresearch.com/automotive/global-automoti...
Reasons to Buy this Report:
• Comprehensive analysis of global as well as regional markets of the Automotive Brake Fluid.
• Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.
• Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
• Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
Infinium Global Research and Consulting Solutions is started with a single motto of being a business partner of the first choice. We at Infinium work on the strengths of our clients to ensure we help them consolidate their market position. We firmly believe in the fact that ‘if you are able to develop newer opportunities then you find there is no dearth of opportunities for you. With our strategic research approaches and deep dive in the market segments, we try to find out new opportunities that our clients can encash with their existing resources. Our experts with over 100 years of cumulative experience in research offer the best in the industry services to our clients to ensure that they achieve their business goals.
Infinium Global Research
Office No. 04, 06, Ganadhish Empire,
Rahatani Corner, Pune, MH 411027
This release was published on openPR.
Permanent link to this press release:
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 Global Automotive Brake Fluid Market Size, Shares, Growth, Segments, Industry Analysis & Outlook 2018-2024 here
News-ID: 1676376 • Views: 219
More Releases from Infinium Global Research
Genome Engineering Market: Global Industry Analysis, Trends, Market Size and For …
Our latest research report entitled Genome Engineering Market (by technology (clustered regularly interspaced short palindromic repeats, and other), application (cell line engineering, animal genetic engineering, and other) and end-user (biotechnology & pharmaceutical companies, academic & government research institutes and others)) provides complete and deep insights into the market dynamics and growth of Genome Engineering. Latest information on market risks, industry chain structure Genome Engineering cost structure and opportunities are offered
Computed Tomography Market 2018 : Global Industry Growth, Opportunities, Consump …
Our latest research report entitled Computed Tomography Market (by application (cardiovascular, oncology, diagnostics, neurology, and spinal application), types (low slice, medium slice, and high slice), end- user (diagnostic services, hospitals and clinics)) provides complete and deep insights into the market dynamics and growth of Computed Tomography. Latest information on market risks, industry chain structure Computed Tomography cost structure and opportunities are offered in this report. The past, present and forecast
Global Protein Ingredients Market – Invention Analysis, Size, Share, Evolution …
Our latest research report entitled Protein Ingredients Market (by source (animal source and plant source), application (food & beverage, cosmetics & personal care, infant formulations animal feed and pharmaceuticals)) provides complete and deep insights into the market dynamics and growth of Protein Ingredients. Latest information on market risks, industry chain structure Protein Ingredients cost structure and opportunities are offered in this report. The past, present and forecast market information will
Global Hospital Beds Market 2018 Industry Demand, Segment, Statistics Report 202 …
Our latest research report entitled Hospital Beds Market (by usage (general beds, pediatric beds, pressure relief beds, bariatric beds and birthing beds), types (electric beds, manual beds, semi-electric beds), treatment (acute care bed, long term care beds)) provides complete and deep insights into the market dynamics and growth of Hospital Beds. Latest information on market risks, industry chain structure Hospital Beds cost structure and opportunities are offered in this report.
More Releases for Automotive
Automotive Sunroof Market
Automotive Sunroof is a fixed or operable opening in vehicle that allows light or fresh air to enter inside a car. Sunroof are of many shapes and sizes and styles and they are either manually driver or motor driven. Increasing demand for premium cars and growing need to control light inside the vehicle is fueling the growth of automotive sunroof market. The major driver influencing the growth of automotive sunroof is
Automotive MEMS Sensor
The Insight Partners added “Laser Technology Market to 2025” to its research database. The report is spread across 150 pages and supported by 10 company leaders. A laser is a coherent and focused beam of photons; coherent, in this context, means that it is all one wavelength, unlike ordinary light which showers on us in many wavelengths. Laser technology is used for an extensive range of professional field measurement applications which
Automotive Air Filter Market
An automotive air filter is a device that is made up of fibrous materials that removes solid particulates like pollen, dust, bacteria, and mould from the intake air. A chemical type of air filter consist of a catalyst or absorbent for removing molecular contaminants like ozone or volatile organic compounds. Air filters are being used in applications where air quality is of vital importance, notably in building ventilation systems and
Automotive Fasteners Market
Fasteners are the mechanical components that holds, joins or affixes two or more parts together, automotive industry is the largest market for the fastener. Automotive fasteners are made up of various materials such as Iron, Aluminum, Brass, Nickel, Stainless steel, Plastic, they are further classified with their distinct characteristics. Automotive fasteners are generally used for the clamping parts of vehicle together to avoid their separation or wobbling, transmitting loads as
Automotive Tires Market
The automotive tires play a very important role in vehicle performance along with the vehicle engine. A tire should be fine enough to carry vehicle weight and pressure on any road with superior breaking performances. The manufacturers focus on enhancing the production and performance capabilities of tires to meet with the growing demands of OEMs as well as secondary market.The automotive tires market is expected to grow rapidly in the
Automotive Actuators Market 2017 - AK, FTE automotive
MarketReports.biz’s Automotive Actuators market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market. Request for sample @ https://goo.gl/auN0LC The Players mentioned in our report AK FTE automotive The report includes the forecasts, Analysis and discussion of important industry trends,