Press release
Global Brake System Market Report, Market Size, Share, Trends, Analysis and Forecast to 2028
A braking system is a method of bringing a vehicle to a complete stop. Brakes normally use friction between two surfaces to convert the kinetic energy of the vehicle into heat, which causes the vehicle to stop. The mechanism that uses artificial resistance to slow or stop a moving body is known as a brake system. Various ways are used to generate the friction required to stop the vehicle. The most important concern when designing any brake system is the management of heat energy generated, which could otherwise injure the vehicle or the brake system.
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North America is projected to have the highest CAGR over the forecast period, owing to increased farm mechanization and an increase in the number of off-road sports events/championships. The global increase in ATV sales is projected to drive the ATV brake system market. In the worldwide ATV market, North America accounts for more than 60-62% of the overall market. Furthermore, the United States and Canada contributed for roughly 70-75% of overall ATV production in the region.
Some of the key players profiled in the Brake System Market include Haldex, Hitachi Automotive System, Advics Co. Ltd., Nissin Kogyo Co. Ltd., ZF Friedrichshafen AG, Aisin Seiki Co. Ltd., Robert Bosch GmbH, Akebono Brake Industry Co., Brembo SpA, Web co and TRW.
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Comprehensive profiling of additional market players (up to 3)
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Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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