Automotive Brake System Market Growth Statistics and Key Players Insights: Advics Co. Ltd, Akebono Brake Industry Co., Brembo SpA

Latest released, the research study on Global Automotive Brake System Market Report Forecast 2021 - 2025, offers a detailed overview of the factors influencing the global business scope. Automotive Brake System Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Automotive Brake System. The study covers emerging player's data, including competitive landscape, sales, revenue and global market share of top manufacturers are: Advics Co. Ltd, Akebono Brake Industry Co., Brembo SpA, Continental AG, ZF TRW CO.

The automotive brake system market is estimated to register a CAGR of over 5.5% during the forecast period, 2020-2025.

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Covid-19 Impact and Recovery Analysis:

The global Automotive Brake System market report also includes the impact of the Covid-19 pandemic. Moreover, it offers an exhaustive analysis of aspects that will encounter the development of the market pre & post Covid-19 pandemic.

Key Market Trends

Carbon and Ceramic segment projected to grow at a high pace

Moto racing sports have greatly contributed to the developments in vehicle braking technology. Carbon-Carbon brakes that were initially used in formula 1 are now used in top end cars such as Ferrari, Lamborghini and sports cars from Audi and BMW. However, carbon-carbon brakes are very costly (up to USD 20000) and this factor can hinder the growth rate. Carbon-Ceramic brakes are formed by coating carbon fiber disc with ceramic braking surface coating. They weigh almost 50% less than cast iron rotor brakes and have a negligible wear and tear rate but the cost of replacement of such brakes is also 3 to 5 times higher than normal brakes.

Regional Analysis:

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Asia-Pacific is expected to see the highest growth

In the automotive brake system market, the growth of the Asia-Pacific region is expected to be more during the forecast period. China is one of the biggest automotive markets in the world. The growing Chinese economy and rising disposable incomes of people in China have increased the demand for vehicles in the country. Additionally, the low production costs in China has favored the growth of vehicle manufacturing in China. In 2018, China produced 27.8 million vehicles.

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