Press release
Automotive Vacuumless Braking Market Significant Growth in the upcoming period 2021- 2026 Leading players - Continental AG, Robert Bosch GmbH, Brembo S.p.A., LSP Innovative Automotive Systems GmbH
Latest research on Automotive Vacuumless Braking Market report covers forecast and analysis on a worldwide, regional and country level. The study provides historical information of 2016-2021 together with a forecast from 2021 to 2026 supported by both volume and revenue (USD million). The entire study covers the key drivers and restraints for the Automotive Vacuumless Braking market. This report included a special section on the Impact of COVID19. Also, Automotive Vacuumless Braking Market (By major Key Players, By Types, By Applications, and Leading Regions) Segment’s outlook, Business assessment, Competition scenario and Trends. The report also gives 360-degree overview of the competitive landscape of the Automotive Vacuumless Braking industry.Automotive Vacuumless Braking market is growing at a CAGR of 5% during the forecast period (2021-2026).
The Automotive Vacuumless Braking market is highly competitive and consists of a number of major players. Top Companies like Continental AG, Robert Bosch GmbH, Brembo S.p.A., LSP Innovative Automotive Systems GmbH, Aptiv PLC (Delphi), Disc Brakes Australia (DBA), Hitachi Automotive Systems, Advics Co. Ltd., Performance Friction Corporation (PFC) Brakes
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Industry News And Developments:
- In 2019, The BMW M8 and M8 Competition car bring together the brake activation, brake booster, and braking control functions in a compact module. The integrated braking system reduces the overall weight and employs a vacuum-free brake booster which enhances the car's overall efficiency.
Scope of the Report
- The main factors propelling the development in brake technology is the demand for weight reduction per wheel for improved efficiency and recovery and dissipation of heat through regenerative braking. The growth in autonomous vehicles that will need intensive smart use of brake and steering technology is expected to positively affect the market.
- The emergence of hybrid and electric drives over conventional engines, in addition to that driver assistance systems, have the requirement of vacuumless braking solutions for the braking system.
- The electric-assist braking is supporting the growth of automated driving. As cars are becoming automated, electric brake operates the brakes precisely. Electric boost is able to form hydraulic pressure more quickly.
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Key Market Trends
Passenger Cars is expected to hold the major share in Vacuumless Braking Market
Leading vehicle manufacturers are adopting vacuumless braking in their current and upcoming models for enhanced safety, and brake manufacturers are developing new technologies to make the driver experience safer. For instance, in 2019, the ZF Integrated Brake Control system is adopted in the 2019 Chevrolet Silverado. ZF IBC is a vacuum-less technology that uses a simplified brake system’s architecture which enhances the performance of the vehicle. This module replaces the need for electronic stability control systems, vacuum booster, cables, sensors, switches, electronic controllers, and vacuum pumps.
Asia-Pacific being the Fastest Growing Market
In the automotive vacuumless braking market, the growth of the Asia-Pacific region is expected to be more during the forecast period. China, India, and Japan are the major economies in the regional market that are anticipated to grow at a faster rate in the global market. China is one of the biggest automotive markets in the world. The growing population and rising disposable incomes of people in China have increased the demand for vehicles in the country. Additionally, the low production costs in China have favored the growth of vehicle manufacturing in China. In 2019, China produced 25.62 million passenger and commercial vehicles.
What are the market factors that are explained in the report?
–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: Automotive Vacuumless Braking Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
The research includes historic data from 2015 to 2020 and forecasts until 2026 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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