Automotive Braking System Market in Americas, APAC and EMEA Region 2017 to 2021

MarketResearchNest.com adds “Global Automotive Braking System Market 2017-2021” new report to its research database. The report spread across 81 pages with table and figures in it.

Research analysts forecast the global automotive braking system market to grow at a CAGR of 2.88% during the period 2017-2021.

About Automotive Braking System
An automotive braking system is a group of hydraulic, electronic, and mechanical components actively used to stop a moving vehicle. The braking system in a vehicle converts the kinetic energy of the wheels into thermal energy produced by the brake thus stopping the vehicle. The speed of a vehicle is inversely proportional to the friction applied on the vehicle, which in turn is directly proportional to the braking of the vehicle.

Covered in this report
The report covers the present scenario and the growth prospects of the global automotive braking system market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

Browse full table of contents and data tables at
https://www.marketresearchnest.com/global-automotive-braking-system-market-2017-2021.html

The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA

Technavio's report, Global Automotive Braking System Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Technavio recognizes the following companies as the key players in the global automotive braking system market: Bosch, Continental, ZF Friedrichshafen, WABCO, and Brembo.

Other Prominent Vendors in the market are: DENSO, Bendix, Jiaozuo Brake, Nissin Brake, and Federal-Mogul Motorparts.

Commenting on the report, an analyst from Research team said: “One trend in the market is integration of air disc brakes in commercial vehicles. The commercial vehicle mostly prefers pneumatic systems as they help in proper braking with heavy loads and carriages compared to conventional hydraulic systems. Air disc brakes are the innovation in the global automotive braking system market capturing the commercial vehicle segment.”

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According to the report, one driver in the market is increasing demand for safety measures to reduce accidental injuries. Rising number of road accidents in middle and low-income countries continue to demand highly efficient vehicle safety systems. Globally NCAP ratings and crash tests have become very stringent in terms of vehicle safety features. Hence the automotive manufacturers are facing a high demand from government agencies for safer braking systems for the vehicles. This has led to innovations and increased demand in the market.

Further, the report states that one challenge in the market is high dependency on advanced systems leading toward unreliability over these systems. With advancements in technology, its complexity and design faults have also increased. Although with the electrification of braking technologies, the automotive industry is taking a leap, the durability and reliability of such systems often become causes of concern. For instance, in 2015, the Japanese automaker, Subaru, called back more than 70,000 vehicles from the US. This recall was done to fix a faulty braking system.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Key questions answered in this report: What will the market size be in 2021 and what will the growth rate be; What are the key market trends; What is driving this market; What are the challenges to market growth; Who are the key vendors in this market space; What are the market opportunities and threats faced by the key vendors; What are the strengths and weaknesses of the key vendors;

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