Press release
Global Automotive Brake Component Market Report: Poised to Reach Nearly US$ 63 Bn by Revenue 2022-End
Fact.MR
Request For Sample Report- https://www.factmr.com/connectus/sample?flag=S&rep_id=24
Demand for Disc Brake Components to Incur an Upsurge
A comparative study between two key products in the global automotive brake components market reveal a predominant preference to disc brake systems. While components of disc brake systems require lubricants for proper functioning, their operational efficiency remains to be higher compared to drum brake components that tend to have high replacement rate. Vehicles equipped with disc braking systems continue to attract greater consumer base, indicating a declining demand for conventional brake components. According to the report, disc brake components will be observed as top-selling products in the global automotive brake component market, and will procure more than four-fifth share on global revenues through 2022.
Passenger Cars – Attractive Vehicle Segment
Automotive brake components are of paramount importance in boosting the safety of passengers in vehicles. With soaring demand for compact cars and SUVs across automotive markets in the world, the adoption of automotive brake components is expected to remain high in passenger cars. By the end of 2022, over US$ 57 Bn worth of automotive brake components will be sold for their use in passenger cars. On the other hand, global sales of automotive brake components accounted by commercial vehicles will witness sluggish growth over the forecast period.
Aftermarket Sales of Automotive Brake Components to Gain Traction
The report also projects that towards the latter half of the forecast period, OEMs will lose traction in terms of sales of automotive brake components. Aftermarkets will be observed as largest sales channel for automotive brake components in the global market. Reflecting a 5.7% CAGR, the aftermarket sales of automotive brake components will procure more than half of the global market value throughout the forecast period.
Competition Tracking
Key players in the global automotive brake components market are also profiled in the report. Companies such as ASK Automotive Pvt. Ltd., Continental AG, Robert Bosch GmbH, DAKO-CZ, ZF Friedrichshafen AG, Daimler AG, Akebono Brake Industry Co., Ltd., Brembo S.P.A., Aisin Seiki Co., Ltd., Knorr Bremse AG, Mando Corporation and Wabco Holdings Inc. are expected to actively partake in the growth of global automotive brake components market through 2022.
Browse Full Report With TOC- https://www.factmr.com/report/24/automotive-brake-component-market
Table of Content
Global Automotive Brake Component Market - Executive Summary
2. Global Automotive Brake Component Market Overview
2.1. Introduction
2.1.1. Global Automotive Brake Component Market Taxonomy
2.1.2. Global Automotive Brake Component Market Definition
2.2. Global Automotive Brake Component Market Size (US$ Mn) and Forecast, 2012-2022
2.2.1. Global Automotive Brake Component Market Y-o-Y Growth
2.3. Global Automotive Brake Component Market Dynamics
2.3.1. Drivers
2.3.2. Restraints
2.3.3. Trends
2.4. Supply Chain
2.5. Cost Structure
2.6. Pricing Analysis
2.7. Raw Material Sourcing Strategy and Analysis
2.8. List of Distributors
2.9. Key Participants Market Presence (Intensity Map) By Region
Global Automotive Brake Component Market Analysis and Forecast By Product Type
3.1. Global Automotive Brake Component Market Size and Forecast By Product Type, 2012-2022
3.1.1. Disc Automotive Brake Component Market Size and Forecast, 2012-2022
3.1.1.1. Revenue (US$ Mn) Comparison, By Region
3.1.1.2. Market Share Comparison, By Region
3.1.1.3. Y-o-Y growth Comparison, By Region
3.1.2. Drum Automotive Brake Component Market Size and Forecast, 2012-2022
3.1.2.1. Revenue (US$ Mn) Comparison, By Region
3.1.2.2. Market Share Comparison, By Region
3.1.2.3. Y-o-Y growth Comparison, By Region
Global Automotive Brake Component Market Analysis and Forecast By Vehicle Type
4.1. Global Automotive Brake Component Market Size and Forecast By Vehicle Type, 2012-2022
4.1.1. PC Automotive Brake Component Market Size and Forecast, 2012-2022
4.1.1.1. Revenue (US$ Mn) Comparison, By Region
4.1.1.2. Market Share Comparison, By Region
4.1.1.3. Y-o-Y growth Comparison, By Region
4.1.2. LCV Automotive Brake Component Market Size and Forecast, 2012-2022
4.1.2.1. Revenue (US$ Mn) Comparison, By Region
4.1.2.2. Market Share Comparison, By Region
4.1.2.3. Y-o-Y growth Comparison, By Region
4.1.3. HCV Automotive Brake Component Market Size and Forecast, 2012-2022
4.1.3.1. Revenue (US$ Mn) Comparison, By Region
4.1.3.2. Market Share Comparison, By Region
4.1.3.3. Y-o-Y growth Comparison, By Region
Continue…..
Request For Discount On This Report- https://www.factmr.com/connectus/sample?flag=D&rep_id=24
About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.
Contact Us
Fact.MR
Suite 9884
27 Upper Pembroke Street,
Dublin 2, Ireland
Telephone: +353-1-6111-593
Email: sales@factmr.com/
Web: https://www.factmr.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 Global Automotive Brake Component Market Report: Poised to Reach Nearly US$ 63 Bn by Revenue 2022-End here
News-ID: 978363 • Views: …
More Releases from Fact.MR
Military Exoskeleton Market is Projected to Increase at a CAGR of 14.5% Through …
The global Military Exoskeleton Market (Mercado de exoesqueletos militares) reached a valuation of US$ 1.1 billion in 2023. Forecasts suggest a strong compound annual growth rate (CAGR) of 14.5% from 2023 to 2033 in exoskeleton sales. The market is witnessing increased adoption in the healthcare sector, alongside growing investments in advanced military exoskeleton technology, paving the way for significant opportunities for market players. Introduction of different types of soft actuators…
Reusable Water Bottle Market to Reach US$ 14.53 Billion by 2034
The estimated size of the global reusable water bottle market (Margadh Buidéal Uisce Ath-inúsáidte) for 2024 stands at US$ 10.26 billion, with forecasts indicating a steady increase at a compound annual growth rate (CAGR) of 3.5%. By the end of 2034, this market is anticipated to reach US$ 14.53 billion. Market growth is being driven by increasing environmental concerns, busy lifestyles, and a rising awareness of the detrimental effects of…
IP Telephony Market is Forecasted to Reach a Value of US$ 80.6 Billion by 2034
The global IP telephony market (IP 텔레포니 시장) is poised to achieve a valuation of US$ 37.3 billion in 2024, with projections indicating a subsequent expansion at a compound annual growth rate (CAGR) of 8%. This trajectory is expected to culminate in a robust market worth US$ 80.6 billion by the year 2034. Delving deeper into the realm of IP telephony unveils a trove of valuable insights. From the migration…
Dermatological Products Market is Expected to reach USD 26,400 Million by 2032
The global dermatological products market (Margadh Táirgí Deirmeolaíochta) is approximated to be worth USD 15,500 million in 2022, with projections indicating a climb to USD 26,400 million by 2032. This growth trajectory entails a compound annual growth rate (CAGR) of 5.4% over the period spanning from 2022 to 2032. With a wide range of skin-related issues and disorders addressed, the dermatological products industry leads the healthcare and cosmetics sectors. Dermatological…
More Releases for Automotive
KSA Automotive Market | KSA Automotive Industry | KSA Automotive Industry Resear …
Saudi Arabia’s automotive market faced a decline in new car sales due to tripling of value-added tax (VAT) rates. Effective in July 1, 2020, Saudi Arabia hiked its VAT from 5% to 15%.
Vision 2030 trying to attract foreign investment to kick start Dammam manufacturing city to aid re-exports & fulfill domestic demand
Surge in Domestic Manufacturing to gain independence of Imports: With Vision 2030, KSA is trying to gain impendence of…
Automotive Fuel Injectors Market: Growing Automotive Sales Fueling Automotive Fu …
Automotive fuel injectors market is likely to grow at a steady pace in the long run, according to a new report by Fact.MR. The demand for automotive fuel injectors continues to remain influenced with a multitude of industry-specific and macroeconomic factors. Significant growth in the automotive sector, coupled with increasing vehicle fleet remain instrumental in driving the demand for automotive fuel injectors worldwide. Fact.MR estimates that the sales of automotive fuel injectors are expected…
Automotive Gearbox Market,Automotive Gearbox Industry, Global Automotive Gearbox …
Latest industry research report on: Global Automotive Gearbox Market : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts
This industry study presents the global Automotive Gearbox market size, historical breakdown data (2013-2018) and forecast (2018-2025). The Automotive Gearbox production, revenue and market share by manufacturers, key regions and type;
The consumption of Automotive Gearbox in volume terms are also provided for major countries (or regions), and for each…
Automotive Windscreen Sales Market – Analysis of Automotive Windscreen Sales G …
Automotive Windscreen Market report provides an in detail study of Manufactures in the market which is based on the various objectives associated with an organization such as Analysis, Market Share, Regional Market Performance, Product Specification, and the Company Introduction.
The latest market intelligence study on Automotive Windscreen Sales market relies on statistics derived from the application of both primary and secondary research to present insights pertaining to the operational model, opportunities…
Global Automotive Windshield Pumps Market 2018- SHW AG, TRW Automotive, Delphi A …
Apex Market Reports, recently published a detailed market research study focused on the "Global Automotive Windshield Pumps Market" across the global, regional and country level. The report provides 360° analysis of "Global Automotive Windshield Pumps Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the Global Automotive Windshield Pumps industry, and estimates the future…
Automotive Steering System Market Players: Mitsubishi Electric, TRW Automotive H …
Automotive steering system market is expected to grow with the CAGR of about 6% from 2016 to 2022. Due to increasing demand for the driving comfort & fuel efficient vehicle as well as increasing vehicle production globally will drive the Automotive steering system market.
Market Scenario
Steering is the connection point between car and driver. It provides control and the feel of the road and plays a key role in the vehicle’s…
