Automotive Brake Systems Market Business Opportunities and Future Scope Till 2026 - Nisshinbo, SGL Carbon AG, TRW, Tenneco

The study throws light on the Automotive Brake Systems market by primarily focusing on the growth factors and even the restraining factors. The restraining factors are also provided with the best solutions which also turn out to counteract the inconvenience and help to increase the market demand. The applications, types, technology, and much other segmentation are studied to give in-depth knowledge of the continued investment in the market. The major driving forces behind the Automotive Brake Systems market are explained to help give an idea of ​​a detailed analysis of this market.

The automotive brake system 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).

Main companies in the global Automotive Brake Systems market: Tenneco(Federal-Mogul), Aisin-Seiki, Robert Bosch, Brembo, Continental, Delphi Automotive, Nisshinbo, SGL Carbon AG, TRW, Tenneco, Akebono Brake Industry, Bendix, Sangsin, Longji Machinery, MIBA AG, BPW, Hongma, Gold Phoenix, Klasik, Boyun and others.

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Market Overview & Regional Analysis-

The short-term impact of COVID-19 on the automotive sector has led to the shutting down of assembly plants, manufacturing interruptions, and ceased export of Chinese components in the face of the lockdown situation across the world. This resulted in an important drop of vehicle sales in early 2020, fueled by oil price fluctuations and economic slowdown in various regions.

Despite the significant impact of the novel coronavirus on the automotive industry, there was a rise in the online sales of vehicles and new product presentations to show positive signs of growth in the long run. Some other factors driving the market are growing awareness about the safe and smooth drive-in wake of snowballing road accidents, advanced technology reducing weight and friction generated in vehicles, and R&D activities by major players.

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.

Industry News-

The 2021 business year: Bosch increases sales and result – company exceeds forecasts

The Bosch Group increased its sales and result significantly in 2021. According to preliminary figures1, total sales rose 10 percent to 78.8 billion euros. After adjusting for exchange-rate effects, sales growth at the supplier of technology and services was 11 percent. Earnings before interest and taxes (EBIT) from operations increased by more than half to reach 3.2 billion euros. The EBIT margin from operations is therefore expected to be around 4 percent, compared with 2.8 percent in the previous year. “Our business performed much better in 2021 than expected,” said Dr. Stefan Hartung, chairman of the board of management of Robert Bosch GmbH, at the presentation of the company’s preliminary business figures. “We were able to exceed our forecasts despite many challenges, such as cost burdens due to supply bottlenecks and price increases for raw materials.” Business success was also significantly shaped by “solidarity in times of social distancing,” as he put it.

This report segments the global Automotive Brake Systems market on the basis of the following types:
Brake Pads

Brake Shoes

Brake Lining

Brake Rotor

Brake Drum

Others

On the basis of application, the global Automotive Brake Systems market is segmented into:

Passenger Cars

Commercial Cars

For a complete understanding of the market dynamics, the global Automotive Brake Systems market is analyzed into key geographies namely:  United States, China, Europe, Japan, Southeast Asia, India, and others. Each of these regions is analyzed on the basis of market findings in major countries in these regions for a macro-level understanding of the market.

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Some of the Key Questions Answered in the Automotive Brake Systems Market Report:
-Short-Term & Long-Term factors that will affect the Industry due to COVID-19.
– What is the Market Growth, Sales for each Region/Country, Production, Consumption, Import-Export, Trends, Latest Development, etc.?

-Historical, Present and Future market development, growth and market size till the forecast period.

-What are the key regions or segments that will drive the market in the near future?

-Comprehensive mapping of the key participants and the latest strategies adopted by the player’s in the Industry. Manufacturer’s behavior analysis.

– Detailed Qualitative analysis and Quantitative insights presented in the report that is helpful for future growth.

The research includes historic data from 2015 to 2020 and forecasts until 2027 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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