openPR Logo
Press release

Automotive Brake System Market to Grow at CAGR of 5.7% through 2022

Automotive Brake System Market to Grow at CAGR of 5.7% through

The automotive brake system market is projected to witness a significant growth during the time of given forecast period due the automotive industry is predicted to have a very bright future in the coming years in both emerging and developed economies. Increasing concerns about the safety have enforced governments all across to lay to strict guidelines associated with safety vehicular norms is also expected to drive the growth of the market. Ever growing population coupled with changing standards of living in the middle class with an increasing spending power have made it comparatively easy to own personal vehicles in the developing countries.

A sample of this report is available upon request @ https://www.persistencemarketresearch.com/samples/19276

A higher requirement for passenger cars is naturally advantageous for the global automotive brake system market. In addition to this, the concerns over the safety of customers, the governments all across the globe have imposed strict regulations related to the safety of the vehicle and mandates to enhance the overall efficiency and safety of the vehicles. Moreover, new advancements in technology such as ABS and regenerative braking are also expected to fuel the all-round development of the global automotive brake system market.

The overall growth of the global automotive brake system is expected to be achieved with the help of an impressive CAGR of 5.7% over the course of the given forecast period of 2017 to 2022. The overall valuation of the global automotive brake system market is expected to reach a figure worth US$25 bn by the end of the given forecast period.

In terms of types of brakes the global market for automotive can be segmented into drum brakes and disc brakes. The segment of disc brakes has relatively larger share in the global automotive brake system market in the years 2017 and is estimated to reach an overall valuation of US$14 billion over the course of the given forecast period of 2017 to 2022. Nonetheless, the growth rate for the segment of drum brakes is expected to be on the rise in the coming years. The key shareholders of the global market for automotive brake system are advised to consider this possibility while devising strategies for long term. Europe accounts for the biggest contribution from a regional standpoint in the segment of drum brakes and the players in the market are advised to concentrate their efforts on this continent with lucrative opportunities for a good return on their investments.

To view TOC of this report is available upon request @ https://www.persistencemarketresearch.com/methodology/19276

The segment of OEM has a revenue share of nearly fourth-fifth in terms of sales channel in the global market for automotive brake systems and is well placed to leverage the market conditions in the coming years of the forecast period. Thus, it is vital segment that the players in the global market cannot afford to avoid. The OEM segment is projected to experience an impressive CAGR of 5.5% over the course of the given forecast period of 2017 to 2022. The aftermarket sector is comparatively much smaller and consists the share of balance revenue in the global automotive brake systems market by the segment of sales channel. Along with the market in Europe, the key players in the global market should try to focus on Asia Pacific except Japan or North America, as both the regions are evaluated to have overall market valuations worth billions of dollars by the end of the given forecast period.

Some of the key players in the global market for automotive brake system include names such as ZF Friedrichshafen AG, Wabco Holdings Inc., Robert Bosch GmbH, Mando Corporation, Continental AG, Knorr-Bremse AG, Brembo SpA, Akebono Brake Industry, and Aisin Seiki among others.

You can now buy a single user license of the report @ https://www.persistencemarketresearch.com/checkout/19276

About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Automotive Brake System Market to Grow at CAGR of 5.7% through 2022 here

News-ID: 865694 • Views: 190

More Releases from Persistence Market Research 

Intra Aortic Balloon Pump Market Expected to Behold a CAGR of 2.7% through 2027
Growing prevalence of lethal diseases, such as cardiac arrest and heart failure due to changing lifestyle and eating habits is leading to increasing cardiac surgeries and procedures worldwide. Of late, intra-aortic balloon pump has emerged as a cutting-edge product in cardiac management and care. It is basically a polyethylene balloon mounted on a catheter that assists heart during both its rest phase and work phase. However, there have been occasions
Pediatric Hearing Aids Market Size By 2025 | Top Key Players are Sonova, William …
Persistence Market Research (PMR) has recently published a new research report titled, “Pediatric Hearing Aids Market: Global Industry Analysis (2012 – 2016) and Forecast (2017 – 2025).” Hearing aids can help improve the hearing and speech of children with sensorineural hearing loss (hearing loss in the inner ear due to damaged hearing nerve). Sensorineural hearing loss can be caused by noise, injury, infection, certain medications, birth defects, tumors, and problems
Intra Operative Imaging Market Growth By 2024 | Top Key Players are IMRIS Inc., …
Persistence Market Research has recently published its report on the global market for intraoperative imaging, excerpts from which predict the market to be presently valued at US$ 513.9 million. According to the report, the demand for intraoperative imaging will keep surging on the grounds of increasing adoption of minimally-invasive surgeries and remarkable progress witnessed in the field of diagnostic imaging for neurosurgeries. The world’s leading medical research institutes are also
Explosive Detection Equipment Market to Reflect Impressive Growth Rate During 20 …
Global Explosive Detection Equipment Market: Introduction With the growing threat of terrorism across the globe, explosive detection equipment is a necessity of today’s world. The equipment used for explosive detection prevents the shipping of illegal materials, such as narcotics and small arms. Common explosives are made of organic as well as inorganic nitrogen and nitrate compounds, such as ammonium nitrate in fuel oil (ANFO) and triacetone triperoxide (TATP). There are several

All 5 Releases


More Releases for CAGR

Catalase Market : Research Observes Strong CAGR Development
The "Global Catalase Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016 - 2024", report intends to offer a resourceful means to assess the Catalase Market and entails the all-inclusive analysis and upfront statistics with regards to the market. This new report is committed fulfilling the requirements of the clients by giving them thorough insights into the market. The Catalase Market report, titled Catalase Market, is expansive research
Citicoline Market | CAGR of 14.4%
The global Citicoline Market 2020 Report provides fine intelligence that helps market players to compete well against the tough competition on the basis of growth, sales and other various important factors. The research report lays stress on key growth opportunities and market trends apart from important market dynamics including market drivers and challenges. With the help of this report, involved parties can equip themselves to adapt along with the changes
Footwear Market : Research Observes Strong CAGR Development
The "Global Footwear Market Set for Rapid Growth, to Reach Around USD 320.44 Billion by 2023", report intends to offer a resourceful means to assess the Footwear Market and entails the all-inclusive analysis and upfront statistics with regards to the market. This new report is committed fulfilling the requirements of the clients by giving them thorough insights into the market. The Footwear Market report, titled Footwear Market, is expansive research
Xanthates Market CAGR to Grow at 4.7%
Persistence Market Research in its latest report projects that the global xanthates market will grow at a CAGR of 6.1% over the forecast period (2017-2025). Owing to Xanthates’ excellent mineral ore processing capabilities, its global sales have witnessed a significant rise in recent years. Mining complexity and declining ore quality have led to a major increase in demand for specialty chemicals to process ores. Towards the end of 2025, around
Global Serious Games Market Show 19.2% CAGR
A new report added by Allied Market Research, forecast that the global serious games market was valued at $2,731 million in 2016, and is projected to reach $9,167 million by 2023, growing at a CAGR of 19.2% from 2017 to 2023. The consumers segment is anticipated to grow at the highest rate during the forecast period. Asia-Pacific generated the highest revenue in the global serious games market in 2016 due to
Bioinsecticides market expecting CAGR 5.4%
Reports And Markets Publish a New Market Research Report On –"Bioinsecticides market- Growth, Trends, Forecast for the period (2017 - 2022)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071910-global-bioinsecticides-market-growth-trends-forecast-for-the-period-2017-2022 Pesticides constitute the largest category within the market for crop protection chemicals, with biopesticides accounting for a comparatively minute share. Global consumption of synthetic insecticides is projected to reach 833.32 thousand tons by volume and USD 19.6 billion by value by 2020