Press release
Brake Lathes Market to Reach USD 3760.7 Mn by 2029, emerging at a CAGR of 6 percent and forecast 2023-2029
Brake Lathes Market
The research methodology employed in this report combines a bottom-up approach with 2022 data analysis to provide a thorough understanding of the market's growth potential during the forecast period.
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What are Brake Lathes Market Dynamics:
Rising demand for durable and reliable tools for automotive components maintenance and improvements in the braking mechanisms are the factors driving the demand for the products in the market. Moreover, increasing awareness about noise and vibrational issues in the brake pads among consumers are the key demand driver for the market. According to OICA, brake lathes accounted for approximately 25% of market share in terms of unit sales across USA automotive components maintenance sector and 30% among brake pads integration sector.
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Brake Lathes Market Regional Insights:
Asia Pacific: Dominates the market in terms of unit sales and manufacturing, driven by abundant raw material provisions in China and India. Key players are investing in the region due to its highly emerging economy and growth prospects in the automotive manufacturing sector.
North America: Anticipated to be a prominent region, with the USA holding approximately 60% share, attributed to well-established automation across industries and the adoption of disc brakes.
Europe: Holds a significant share in the market, driven by high technological adoptions and a growing equipment manufacturing sector. Clean energy technology adoptions and increasing awareness of disc brake system efficiency contribute to the market's growth in the region.
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What is Brake Lathes Market Segmentation:
by Installation Type
Off car
On car
by Vehicle Type
Commercial vehicles
Passenger cars
by Application
Light duty vehicles
Medium duty vehicles
Heavy duty vehicles
Who are Brake Lathes Market Key Players:
1. BendPak, Inc.
2. HOFMANN GmbH
3. AUTOPRO-UP Co. Ltd.
4. HUNTER Engineering Co.
5. JPW Industries, Inc.
6. Henessey Industries LLC
7. Pro-Cut International
8. Interequip Pty Ltd.
9. Robert Bosch GmbH
10. AMMCO
11. JET
12. Qingdao Carlife Automobile Equipment Co. Ltd.
13. ACCU-TURN
14. Atlas Auto Equipmnet
15. Multipro Machines Pvt. Ltd.
16. Sino Star Automotive Equipment Co. Ltd.
Table of content for the Brake Lathes Market includes:
Global Brake Lathes Market: Research Methodology
Global Brake Lathes Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
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3.Global Brake Lathes Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
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