Indonesian Electronic Braking System (EBS) Market Top Leading Players with Strategies and Forecast 2022-2028

Indonesian electronic braking system (EBS) market is anticipated to grow at a CAGR of 3.5% during the forecast period (2022-2028). An electronic braking system (EBS) is an automobile brake technology that automatically varies the amount of force applied to each of a vehicle's brakes, based on road conditions, speed, and loading. EBS enables optimization of the drive and braking operations on commercial vehicles. Always linked with anti-lock braking systems, EBS can apply more or less braking pressure to each wheel in order to maximize stopping power while maintaining vehicular control. Additionally, the increase in production of vehicles and sales and regulations over stopping distance are some driving factors for the growth of the market. For instance, in June 2019, Toyota Kirloskar Motors had invested $2 billion or electric vehicle (EV) production in Indonesia Toyota also joined with Hyundai, which is also committed to commencing the production of EVs in Indonesia by the end of 2022.

The market is segmented based on the type and application. Based on the type, the market is sub-segmented into disc brakes and drum brakes. A disc brake is a type of brake that uses the calipers to squeeze pairs of pads against a disc or a rotor to create friction. A disc brake is used to provide increased stopping power. Most importantly, disc brakes give better braking control as compared to rim brakes which allow to stop more quickly, accurately, with control, and at the speed which is required for a variety of conditions.
Some major players in the market include Continental AG, Robert Bosch GmbH, and Denso Corp., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in May 2021, ZF Friedrichshafen announced the launch of an innovative new brake actuator platform. Using a platform approach for the first time, ZF's fourth-generation brake actuator technology offers significant safety and cost efficiency benefits for Original Equipment Manufacturers (OEMs).

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Market Coverage
• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028

• Segment Covered-
o By Type
o By Application

• Competitive Landscape- Continental AG, Robert Bosch GmbH, and Denso Corp., among others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

A full report of Indonesian Electronic Braking System (EBS) Market is available at:
https://orionmarketreports.com/indonesian-electronic-braking-system-ebs-market/101246/

Indonesian Electronic Braking System (EBS) Market Report by Segment

By Type
• Disc EBS
• Drum EBS

By Application
• Passenger Car
• Commercial Vehicle

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This release was published on openPR.