Automotive Brake Components Market Vendor Landscape with SWOT Analysis 2017 to 2021

MarketResearchNest.com adds “Global Automotive Brake Components Market 2017-2021” new report to its research database. The report spread across 87 pages with table and figures in it.
Research analysts forecast the global automotive brake components aftermarket to grow at a CAGR of 6.35% during the period 2017-2021.

About Automotive Brake Components Aftermarket
Automotive brake system helps in stopping or slowing down a vehicle. The automotive brake system is actuated by a group of hydraulic, electronic, or mechanical components. When engaged, the brake pads or shoes that are made of a friction material convert the kinetic energy produced by the wheels of the vehicle into thermal energy, which helps in stopping the vehicle. This occurs due to the transfer of a small amount of the friction material from the brake pad or shoes onto the disc, thereby leaving a dull grey coating on it.

Covered in this report
The report covers the present scenario and the growth prospects of the global automotive brake components aftermarket 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-brake-components-aftermarket-2017-2021.html

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

Technavio's report, Global Automotive Brake Components Aftermarket 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 brake components aftermarket: ZF Friedrichshafen, Brembo, Federal Mogul, and Akebono.

Other Prominent Vendors in the market are: ADVICS, Eaton, TI Automotive, Dorman Products, Fras-le, and Centric Parts.

Commenting on the report, an analyst from Research team said: “One trend in the market is rising adoption of carbon ceramic brake pads. The automotive industry is witnessing the growth of numerous performance enhancing technologies that make driving more comfortable, enjoyable, fun, and safer. These advanced technologies are being used by automakers as product differentiators to attract more customers.

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According to the report, one driver in the market is increasing efforts to reduce the cost of advanced braking systems across all vehicle segments. Currently, the automotive industry is experiencing increased demand for advanced safety systems in vehicles. This is primarily due to increased customer awareness of vehicular and on-road safety. More than advanced infotainment features, customers concentrate on ensuring maximum protection in the vehicles owned by them. Also, the implementation of stringent vehicular safety norms has led to increasing demand for advanced safety technologies. As a result of the growing customer demand and vehicle safety norms, automakers are offering advanced collision avoidance systems, either as an option or as a standard fitment, in more vehicles, especially premium segments.

Further, the report states that one challenge in the market is lack of high precision in tuning leading to possible fatalities. Advancements in technology are often accompanied by complex design and mechanism. Though the automotive industry is shifting to advanced brake technologies with electrification of components, the durability and reliability of such systems can sometimes be a cause for concern. For example, in mid-2015 Japanese automaker ‘Subaru’ recalled more than 70,000 vehicles in the US to fix a faulty brake system. These cars were equipped with Subaru’s driver assist system, an automatic brake system designed to help the driver to avoid a collision.

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.

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MarketResearchNest.com is the most comprehensive collection of market research products and services on the Web. We offer reports from almost all top publishers and update our collection on daily basis to provide you with instant online access to the world’s most complete and recent database of expert insights on industries, organizations, products, and trends.

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