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COVID Impact On Global Automotive Brakes Market 2020-2025

01-08-2021 09:53 AM CET | Tourism, Cars, Traffic

Press release from: Mobility Foresights

COVID Impact On Global Automotive Brakes Market 2020-2025

Brake manufacturers relied on integration of ABS and ESC in early 2000s to boost their dollar content per vehicle. Now, Electric parking brakes getting increasingly common in US, Europe and China has increased their Dollar content per vehicle by ~15%.

Europe was the only market where Auto sales grew in 2019(+1% YOY) to 15.1 Million vehicles. In 2020, now that Europe has been adversely affected by COVID-19 we expect sales to come down by 20-25% YOY.

India auto market declined by 11% in 2019(YOY) and is expected to further decline in 2020 by at-least 20% due to the impact of COVID-19.

In China where, 95 OEMs sold 21.1 Million vehicles in 2019(8% decline YOY). In 2020, the auto production is expected to decline by at-least 15% due to COVID-19.

Download sample- https://mobilityforesights.com/product/automotive-brakes-market/

US is world`s second biggest automotive brakes market and the growing integration of ADAS with brakes on many top-selling vehicles makes it an even important brakes market

ZF is among the leading manufacturers of brakes in China and also the market leader of Electric parking brakes. The auto component maker produced its 20 millionth brake calliper from its Zhangjiagang plant on April 20th 2020.

Hyundai, the second biggest market player in India offers almost its entire portfolio with Front Disc, rear drum setup.

In the two-wheelers segment, India is now the world`s biggest brake market post introduction of mandatory ABS legislation (for engine displacement >125cc) coming into force in April 2019.

Download sample- https://mobilityforesights.com/product/automotive-brakes-market/

COMPANY PROFILES
ZF
Akebono
Nissin
WABCO
Meritor
BREMBO
TMD
Brakes and Chassis International

THIS AUTOMOTIVE BRAKES MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS
1. Automotive Brakes Market size and Forecast , by region, by application
2. Average B-2-B price for Automotive Brakes Market, by region, per user
3. Technology trends and related opportunity for new Automotive Brakes Market tech suppliers
4. Market share of leading vendors, by region,
5. Coronavirus impact on Automotive Brakes Market earnings

Media Contact
Company Name: Mobility Foresights
Contact Person: Kunal Roy
Email: sales@mobilityforesights.com
Phone: +1-315-675-4056
Address: P3&P4, HAL 3rd Stage
City: Bangalore
State: Karnataka

Company Name: Mobility Foresights
Contact Person: Kunal Roy
Email: sales@mobilityforesights.com
Phone: +1-315-675-4056
Address: P3&P4, HAL 3rd Stage
City: Bangalore
State: Karnataka

We are among the very few market research firms globally, specialized in mobility domain(s). Our zone of research entails automotive, aerospace, marine, locomotive, logistics and construction & agricultural equipment.We deal in syndicated research, custom research and consumer research for all the above domains mentioned.

We envision the future of mobility every single day, following mobility domains is not just our profession rather it’s our passion. We are here, just to serve you in the most ideal way and your fulfillment is above everything else.

The consistently changing business sector progression in mobility space has put considerably more accentuation on looking at advertise knowledge before your peers. An important market insight, when learned at opportune time, could be the distinction between a decent and a terrible business choice.

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