Press release
Automotive Brakes Market Top Key Players – ZF, Akebono, Nissin, WABCO, Meritor, BREMBO, TMD
The Auto industry was already battling decline in sales since 2018 due to slowing demand from China, US and India until COVID-19 brought it to a standstill. The impact will be felt for a longer duration by auto manufacturers as well as brake market which is an integral part of the automotive industry.
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US 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
Honda offers the same setup i.e., Power-Assisted Ventilated Front Disc/Solid Rear Disc Brakes (front/rear) on all its top-selling vehicles like CRV, Civic and Accord. Since 2019 Honda also offers Honda Sensing ADAS suite as a Standard fitment which includes Collision Mitigation Braking System; Road Departure Mitigation; Lane Keeping Assist System; and Adaptive Cruise Control.
EUROPE AUTOMOTIVE BRAKES MARKET
Europe was the only market where Auto sales grew in 2019(+1% YOY) to 15.1 Million vehicles. In 2020, Europe had been adversely affected by COVID-19 and sales dipped by 24% YOY i.e.,11.5M units
Europe with more than 20% share of premium cars in new car sales has all- disc setup on more than 80% vehicles sold in the region.
CHINA AUTOMOTIVE BRAKES MARKET
In China where, 95 OEMs sold 21.1 Million vehicles in 2019(~8% decline YOY). In 2020, the auto production declined by ~7% due to COVID-19, one of the least affected markets among major countries. About 19.3 M vehicles were sold in 2020.
In many low-cost domestic compact crossovers, Front Ventilated disc and rear disc setup is a standard fitment. Front Disc, rear drum setup as preferred by many other emerging countries is not that common in China with the exception of Nissan Sylphy (only on base variant).
INDIA AUTOMOTIVE BRAKES MARKET
India auto market declined by 11% in 2019(YOY) and in 2020 market fell by at-least 17% due to the impact of COVID-19.
Maruti-Suzuki, the market leader in India offers Front Disc, rear drum setup on all cars except Suzuki S- Cross.
Hyundai, the second biggest market player in India offers almost its entire portfolio with Front Disc, rear drum setup. In 2009, Hyundai became the first OEM in India to offer all disc setup on a Premium hatchback with the launch of i20 but soon that setup was swapped with the ubiquitous Front Disc, rear setup.
GLOBAL AUTOMOTIVE BRAKES MARKET SEGMENTATION
BY OEM
• BMW
• VW Group
• GM
• Hyundai-KIA
• Renault-Nissan
• Other OEMs
BY VEHICLE TYPE
• Passenger car
• Commercial vehicle
• Two-wheeler
BY SUB-COMPONENT
• Calliper
• Friction material
• Dsic
• Drum
• Brake fluid
BY GEOGRAPHY
• US
• China
• Europe
• Asia Ex China
• ROW
COMPRTITIVE LANDSCAPE
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%.
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. More than 85% of the local production was aimed at local market and the remaining for exports.
COMPANY PROFILES
ZF
Akebono
Nissin
WABCO
Meritor
BREMBO
TMD
Brakes and Chassis International
Read More Information: https://mobilityforesights.com/product/automotive-brakes-market/
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Contact Person: Kunal Roy
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City: Bangalore
State: Karnataka
About Us:
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.
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