Automotive Brake System and Components Market Is Booming Worldwide | Continental, ZF, Aptiv, Valeo, Federal-Mogul Holdings, Nissin Kogyo, Bosch

Automotive Brake System and Components Market 2021 report helps the clients to take business decisions and to understand strategies of major players in the industry. The report also calls for market- driven results deriving feasibility studies for client needs. Market Insights Reports ensures qualified and verifiable aspects of market data operating in the real- time scenario. The analytical studies are conducted ensuring client needs with a thorough understanding of market capacities in the real- time scenario.

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Automotive Brake System and Components Market was valued at USD 28.81 billion in 2020 and is expected to reach a value of USD 35.71 billion by 2026, registering a CAGR of 3.57% during the forecast period (2021- 2026)

Markets Segmentation:

Top leading Companies Profiled in Automotive Brake System and Components Market Report are Continental, ZF, Aptiv, Valeo, Federal-Mogul Holdings, Nissin Kogyo, Bosch, Akerbono Brake Industry, Brembo, Aisin Seiki

News and Updates

In November 2019, NRS Brakes Company launched the galvanized brake pads product line. These galvanized brake pads provide rust protection to all the brake parts, including calipers and rotors.

Nissan motor’s Electric Driven Intelligent Brake (EDIB) produces adequate braking force and helps in regenerative braking using a motor that converts kinetic energy into electrical energy during deceleration.

Brembo plans to launch 'breakthrough' active-braking system by 2024- Brembo will launch a new intelligent braking system called Sensify in 2024

Bosch launched an antilock braking system for e-Bikes, which prevents locking up of the front wheel, along with controlling the lifting of the rear wheel of these bikes.

Market Overview

Automobile companies are constantly producing new and enhanced products for the comfortable and safe driving of vehicles. Products such as anti-lock braking systems, electronic stability control, and anti-collision devices are frequently developed by players to produce safer and better vehicles. For instance-

Continental AG developed a third generation of the anti-lock braking system (ABS), which responds to the speeding of vehicles along with providing safer, controllable, and optimum brake performance while driving.

Brakes are one of the essential components of vehicles. The Brake system comprises a set of components such as a master cylinder, brake pedal, brake shoes, brake calipers, brake drum, brake disc, brake rotor, brake lining, and hoses. The Automotive Braking System is the combination of the different mechanical linkages and component which converts the vehicle’s kinetic energy into heat energy to accelerate the vehicle.

Regional Analysis

Asia-Pacific is the major key player in the market, followed by Europe. Asia-Pacific is the highest growing market in terms of the highest growth rate. Japan and South Korea are expected to contribute significantly to the growth in terms of revenue in the global anti-lock system due to safety norms and firm government regulations. Due to an increase in the number of serious accidents and increased fleet, China is expected to emerge as one of the major regions, which is expected to contribute to the growth of this business.

The demand for safety features such as the anti-lock braking system (ABS), traction control, tire pressure monitors, electronic stability control, airbags, and telematics is on the rise due to the growing number of road accidents worldwide. As per the Association of Safe International Road Travel (ASIRT), almost 1.3 million people die each year worldwide in road accidents, with an average of 3.287 deaths per day. In addition, traffic accidents are the ninth leading cause of death and account for 2.2% of all deaths worldwide. People are worried about these conditions and the demand for safety features to be integrated into their vehicles.

Market Segmented By Types

Disc Brake

Drum Brake

Others

Market Segmented By Applications

Passenger Car

Commercial Car

Regional Analysis:

Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Malaysia, and Others), North America (United States, Canada, and Mexico), Central & South America (Brazil, and Rest of South America), Europe (Germany, France, UK, Italy, Russia, and Rest of Europe), Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa and Other)

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Key Takeaways from Automotive Brake System and Components Report

─Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals

─Understand the different dynamics influencing the Automotive Brake System and Components market – key driving factors, challenges and hidden opportunities.

─Get in-depth insights on your competitor performance – Automotive Brake System and Components market shares, strategies, financial benchmarking, product benchmarking, SWOT and more

─Analyze the sales and distribution channels across key geographies to improve top-line revenues.

─Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.

─Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.

─Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the Automotive Brake System and Components

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In conclusion, the Automotive Brake System and Components market report presents the descriptive analysis of the parent market supported elite players, present, past and artistic movement information which is able to function as a profitable guide for all the Automotive Brake System and Components Industry business competitors. Our expert research analyst’s team has been trained to provide in-depth market research reports from every individual sector which will be helpful to understand the industry data in the most precise way.

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