Press release
Global Automotive Brake Components Market to Grow at a CAGR of 4% Through 2028 | Wabco Holdings Inc., Knorr Bremse AG, Mando Corporation
Non-uniformity in road infrastructure coupled with advancements in braking systems continue to influence the adoption of automotive brake components.Click here to Get Complete Synopsis of the Report - https://www.factmr.com/report/24/automotive-brake-component-market
In addition, according to World Health Organization (WHO) around 1.3 million fatalities are recorded every year on account of road accidents caused by vehicles. Increasing demand for passive and active safety of automobiles on the back of growing road accidents have initiated demand for efficient automotive brake components such as brake calipers, brake pads, brake shoes and brake liners. This factor is likely to instrumental in driving the need for efficient automotive brake components, in turn pushing their market’s growth.
Fact.MR envisages that the automotive brake components market is estimated to cross US$ 65 Bn by end of the year of forecast. The automotive brake components demand is projected to grow at a CAGR of around 4% in terms of value during the period of forecast, 2018-2028.
For detailed insights on enhancing your product footprint, request for a sample here – https://www.factmr.com/connectus/sample?flag=S&rep_id=24
Mandates by regulatory bodies have influenced adoption of advanced brake systems. For instance, NHTSA (National Highway Traffic Safety Administration) – a U.S DOT (Department of Transportation) agency – has mandated use of AEB (Automatic Emergency Braking) by 2022 that offers dynamic braking. This has fuelled adoption of Antilock Braking System (ABS), in turn pushing the demand for efficient automotive brake components such as brake boosters, cylinders, brake liners and brake shoes.
Demand for automotive brake components for disc brake systems is projected to surge at a significant pace throughout the period of forecast, says the report. While automotive brake components in disc brake systems need lubricants for effective functioning, operational efficiency of these components is higher than their drum brake counterparts that have high replacement rates. This factor continues to push the growth in demand for automotive brake components for disc brake components in the automotive sector worldwide.
For comprehensive insights on this market adoption, ask an analyst here - https://www.factmr.com/connectus/sample?flag=AE&rep_id=24
Moreover, automobiles equipped with disc brakes are gaining wide traction in turn impacting adoption of conventional braking systems. This factor is expected to auger well for the growth in sales of automotive brake components for disc brakes in the coming years. Fact.MR reveals that the sales volume of automotive disc brake components are anticipated to cross 1,061,000 units by end of 2018 soaring at a significant pace throughout the period of forecast.
Sales of automotive brake components are likely to remain concentrated in the developed countries of North America, particularly in the United States on the back of rising sales of vehicles. For instance, according to OICA, sales of commercial vehicles in the United States grew by 494,687 units in 2017 over 2016 and are expected to further increase in the coming years. This aspect has presented a potential growth avenue for the automotive brake components, in turn pushing the growth of their market.
For in-depth competitive analysis, buy now – https://www.factmr.com/checkout/24/S
On the other hand, the demand for automotive brake components in projected to witness a substantial rise in the emerging economies of the Asia Pacific excluding Japan (APEJ) region during the assessment period making it a lucrative region for manufacturers of automotive brake components, says the report.
Aftermarket for automotive brake components continues to remain lucrative for manufacturers owing to increasing replacement rates. However, OEMs are focusing on developing efficient automotive brake components with designs that feature high durability. This is expected to impact aftermarket sales of automotive brake components, albeit at a lower base.
For critical insights on this market, request for methodology here – https://www.factmr.com/connectus/sample?flag=RM&rep_id=24
The automotive brake components aftermarket accounts for more than 50 percent share in 2017 in the overall market and is likely to maintain its status quo as an attractive sales channel in the coming years, says the report. Moreover, sales of automotive brake components in passenger cars are expected to be on an upswing on the coattails of growing sales and production of passenger cars, says the report.
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
E: sales@factmr.com
Website: https://www.factmr.com
Research Insight: https://www.factmr.com/report/24/automotive-brake-component-market
Content Source: https://www.factmr.com/media-release/585/global-automotive-brake-component-market
About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
This release was published on openPR.
Permanent link to this press release:
Copy
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 Components Market to Grow at a CAGR of 4% Through 2028 | Wabco Holdings Inc., Knorr Bremse AG, Mando Corporation here
News-ID: 2279163 • Views: …
More Releases from Fact.MR
Global Compostable Spunbond Nonwoven Filament Fiber Market Dynamics 2026-2036: R …
The global compostable spunbond nonwoven filament fiber market is poised for remarkable growth, driven by increasing demand for sustainable, biodegradable, and high-performance materials across multiple industries. According to recent market insights, the market is projected to expand from USD 0.80 billion in 2026 to USD 1.98 billion by 2036, registering a robust CAGR of 9.5% during the forecast period.
Compostable spunbond nonwoven filament fibers-produced using eco-friendly polymers such as PLA (polylactic…
Sugarcane Composite Tubes Market Landscape 2036: Strategic Benchmarking, Pricing …
The global sugarcane composite tubes market is poised for remarkable growth, driven by rising demand for eco-friendly, renewable, and high-performance packaging solutions. According to a recent analysis, the market is projected to expand from USD 210.0 million in 2026 to USD 540.0 million by 2036, representing a total growth of 157.1% and a robust CAGR of 9.9% during the forecast period.
Sugarcane composite tubes-made from bio-based polyethylene and hybrid polymers-are gaining…
Global Reusable Retail Pod Loops Market Deep-Dive 2026-2036: Strategic Forecasts …
The global reusable retail pod loops market is set for strong and sustained growth, driven by accelerating adoption of circular economy models, regulatory pressure on single-use packaging, and rising consumer preference for sustainable retail solutions.
According to a recent analysis by Fact.MR, the market is valued at USD 140.0 million in 2026 and is forecast to reach USD 375.0 million by 2036, reflecting an absolute growth of USD 235.0 million.…
Comprehensive Analysis of the Nickel Mining Market: Technology Evolution, Region …
The global nickel mining market is entering a pivotal decade as demand dynamics shift from traditional stainless-steel end uses toward a rapidly growing appetite from battery manufacturers supporting electric vehicles (EVs) and energy storage. Nickel's role as a high-energy-density battery metal-especially in nickel-rich chemistries used for cathodes-combined with steady demand for stainless steel, means miners and refiners face both opportunity and pressure to scale sustainable, cost-efficient production while managing environmental…
More Releases for Unit
Global Transcutaneous Electrical Nerve Stimulation Unit Market, Transcutaneous E …
Global Transcutaneous Electrical Nerve Stimulation Unit Market Overview:
The Transcutaneous Electrical Nerve Stimulation Unit market is a broad category that includes a wide range of products and services related to various industries. This market comprises companies that operate in areas such as consumer goods, technology, healthcare, and finance, among others.
In recent years, the Transcutaneous Electrical Nerve Stimulation Unit market has experienced significant growth, driven by factors such as increasing consumer demand,…
Glycol Dehydration Unit Market Glycol Dehydration Unit Market 2028
Persistence Market Research delivers key insights on the global glycol dehydration unit market, in its report titled, 'Glycol Dehydration Unit Market: Global Industry Analysis 2013-2017 and Forecast 2018-2028'. Over the forecast years, the global glycol dehydration unit market is expected to show a positive outlook.
The market value is expected to increase at a healthy pace over the forecast period. Based on the glycol type segment, the triethylene glycol segment is…
Biodiesel Processing Unit
While reserves of petroleum are decreasing every passing day, energy consumption is increasing at 6.5% per annum. And for solving this issue many countries are implementing new policies for minimizing the usage of fossil fuels and increase the use of alternative sources like solar power and Biodiesel. Biodiesel is a diesel fuel substitute made from a variety of oils, fats, and greases which can become a cheaper alternative to fossil…
Jackfruit Processing Unit
The fruit processing sector has some undoubtedly potential Business Ideas, and Jackfruits processing is highly recommended because jackfruits are highly perishable tropical fruits, which helps in improving the immunity, replenishes the energy, cardiovascular health, regulates Blood Pressure, Digestion, treats the skin diseases, prevent/control asthma and many more awesome advantages of jackfruit consumption.
Rising demand for processed fruit product for secondary preparations, rising income, and resultant increased spending on food items is…
Pomegranate Processing unit
India is the second largest producer of Pomegranates in the world after Iran, still contributes only 5% pomegranate related international trades. India produces the finest edible Pomegranates, which are available almost throughout the year, which provides a tremendous potential for export of Pomegranate and its products from India.
Processing of the Pomegranates becomes essential in order to increase the utilization and reduce the wastage of the fruit. Pomegranates being rich in…
Coconut Processing Unit
Coconut is an important fruit in the Indian economy as the country is listed among the top Coconut producing countries in the world. The contribution of Coconut is about ₹27900 crore to India’s Gross Domestic Product (GDP).
Today's improved economic stability, spending power, nutritional requirements, and awareness are pushing consumers to shift their preferences.
Currently, Coconut water, Coconut milk/cream and Virgin Coconut Oil (VCO) are expected to be main growth drivers for…
