Asia Pacific Automotive Brake Systems Market size was valued at US$19.47 Bn in 2017 and is expected to grow at a CAGR of 7.8% over the forecast period.
The automotive brake system is segmented by break type, by vehicle type, by technology and Country. Brake type is classified into disc brake, drum brake. Based on vehicle type market is split into passenger cars and Commercial Vehicles. Technology is divided into ABS, TCS, ESC, and EBD. The country wise market is segmented into Asia Pacific, China, Japan, India, South Korea, Australia, New Zealand, rest of the Asia Pacific.
Asia Pacific Automotive Brake Systems MarketGrowth in safety concerns has led to governmental mandates that lay down the guidelines pertaining to vehicular safety norms. Increasing automotive brake system market is directly linked to the of the demand for passenger cars as well as commercial vehicles. Advancement in the brake system such as anti-lock braking system allows drivers to have better control by preventing lock-ups and skidding. Rising cases of accidents and fatalities enforced governments to implement stringent safety regulations and reduce stopping distances.
Drivers and Restraints:
Ever-rising demand and succeeding vehicle production are considered as one of the biggest drivers for the growing demand of the automotive brakes and global automotive brake system market penetration. Additionally, the increasing governmental mandates for improving vehicle safety has strongly contributed to the demand of the Asia Pacific automotive brake system market. The major restraint in the automotive brake system market implies to be the higher cost of the advanced technology of Electronic Brake Systems (EBS) when compared to the commonly used Hydraulic Brakes.
Disc brakes offer benefits such as optimal operation without the help of additional expenses for adjustment and cleaning, less cooling time and overall capacity. As compare to drum brakes, disc brakes provide better-stopping performance, as the disc is cooled readily. Additionally, disc brakes are less prone to brake fade caused by overheating of brake components and they recover quickly from immersion. So, auto manufacturers are increasingly deploying disc brakes in vehicles owing to enhanced riding experience and growing demand for safety. Disc brakes offer larger controlled and shorter braking distance irrespective of the road conditions, thereby ensuring the safety of the occupants.
On the basis of Technology, Traction Control System (TCS) technology is dominating a market. Vehicles with ESC must have Anti-lock Braking System (ABS) and TCS. This three electronic braking technologies use the same wheel sensors and offer enhanced braking performance. Following an order to support the growth of braking technologies, the governments are introducing various regulations to make these technologies mandatory in passenger cars in the coming years.
Key players operate on the market are, Brembo S.p.A, Continental AG, Robert Bosch GmbH, AISIN SEIKI, Borg Warner, WABCO, Hyundai Mobis, Hitachi Ltd., FTE Automotive, Fujitsu Ten Ltd., Nissin Kogya Co., Ltd., Brakes India, Federal Mogul LLCHella Pagid GmbH, Sumitomo Riko Company Ltd., Hutchinson SA, Nisshinbo Brake Inc., TMD Friction Holdings GmbH, MAT Holdings, Inc., ASK Automotive Pvt. Ltd., BNA Automotive India Pvt. Ltd., Mando Corporation, Knorr Bremse AG, and EXEDY Corporation.
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Scope of the Asia Pacific Automotive Brake Systems Market
Asia Pacific Automotive Brake Systems Market, By Brake type
• Disc
• Drum
Asia Pacific Automotive Brake Systems Market, By Vehicle type
• Passenger car
• Commercial car
Asia Pacific Automotive Brake Systems Market, By Technology
• ABS
• TCS
• ESC
• EBD
Asia Pacific Automotive Brake Systems Market, By Country
• China
• Japan
• India
• South Korea
• Australia
• New Zealand
• Rest of Asia Pacific
Key players operates on the Asia Pacific Automotive Brake Systems Market:
• Brembo S.p.A
• Continental AG
• Robert Bosch GmbH
• Borg Warner
• WABCO
• Hyundai Mobis
• Hitachi Ltd.
• FTE Automotive
• Fujitsu Ten Ltd.
• Nissin Kogya Co., Ltd.
• Brakes India
• Federal Mogul LLCHella Pagid GmbH
• Sumitomo Riko Company Ltd
• Hutchinson SA
• Nisshinbo Brake Inc.
• TMD Friction Holdings GmbH
• MAT Holdings, Inc.
• ASK Automotive Pvt. Ltd.
• BNA Automotive India Pvt. Ltd.
• Mando Corporation
• Knorr Bremse AG
• EXEDY Corporation.
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Report Automotive Brake Systems covers all aspects of the "Automotive Brake Systems Market".
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One of the most important descriptions in this report is full information on the major key players Continental AG (Germany), Aisin Seiki Co Ltd. (Japan), Wabco Holdings Inc. (U.S.), Robert Bosch GmbH (Germany), ZF Friedrichshafen AG (Germany), Knorr-Bremse AG (Germany) holding the market share.
The information includes the company profile, annual turnover, the types of products and services they provide, income generation, which provide direction to businesses to take important steps.Request for Sample Copy of Automotive Brake Systems Market ReportThe market growth rate in around the globe can vary from region to region, for which the report presents the full analysis based on different geographic areas.
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The strike of the global Automotive Brake Systems market is mentioned in the part of those areas, It demonstrates various segments Disc Brake, Drum Brake and sub-segments Passenger Cars, Commercial Vehicles of the global Automotive Brake Systems market.
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It also exhibits the major market players (Continental AG (Germany), Robert Bosch GmbH (Germany), ZF Friedrichshafen AG (Germany), Aisin Seiki Co Ltd. (Japan), Knorr-Bremse AG (Germany), Wabco Holdings Inc. (U.S.)) in the Automotive Brake Systems market.Get a Free Sample Copy of the Automotive Brake Systems Market Report with Latest Industry Trends @ https://www.syndicatemarketresearch.com/sample/automotive-brake-systems-market(The Free sample copy covers: Report Overview, TOC, Segmentation, Report Structure, Competitive Landscape, and Methodology.
Every aspect of life globally has been affected by the epidemic of coronavirus (COVID-19).
Future and preliminary assessments of the rapidly changing market impact and scenario are included in the report.Leading players operating in this Report are: Continental AG (Germany), Robert Bosch GmbH (Germany), ZF Friedrichshafen AG (Germany), Aisin Seiki Co Ltd. (Japan), Knorr-Bremse AG (Germany), Wabco Holdings Inc. (U.S.), and many more.
It as well includes sales and revenue of key market players in the Automotive Brake Systems market for the specified period.Global Automotive Brake Systems Market SegmentationThe global Automotive Brake Systems market is divided into various segments such as Type ( Disc Brake, Drum Brake ), Applications ( Passenger Cars, Commercial Vehicles ) and Regions.
The report gives accurate information about the leading market players such as market share, cost, price, revenue, growth rate, export/import, production, capacity, gross margin, and consumption.
Global Automotive Brake Systems Market is predicted to reach USD 31.11 billion by 2025 owing to the increasing vehicle production due to the growing demand from consumers.
Other factors like government regulations on reducing stopping distances, New Car Assessment Program (NCAP), safety rating certifications, and instructions on installation of electronic brake systems are increasing the demand for disc brakes and other automatic brake systems.
The drum brakes include a drum and backing plate, an axle assembly or a hub, wheel cylinder, wheel bearings, brake shoes and hardware required to organize these components on the vehicle.
Additionally, the rising governmental obligations concerning the improvement of vehicle safety is intensely contributing to the growth of market. Currently, the automotive industry across globe has presented positive signs of recovery recently. Purchase of semi-luxury and luxury high performance vehicles has grown considerably in the past years.
Global “Automotive Brake Systems Market” report offers an overview of the market size, share, trends, drivers, and barriers with respect to the Automotive Brake Systems Industry.
Latest report on the global Automotive Brake Systems market is a compilation of key market insights and discusses key market dynamics such as drivers, restraints, and opportunities at length.
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The competitive data type analysis includes capacity, market share, profit margin, market growth, consumer consumption, imports, exports, revenue, and etc.
Automotive brake systems are the technologies that combine brake controls and sensors to avoid high-speed road accidents.
Other factors like government regulations on reducing stopping distances, New Car Assessment Program (NCAP), safety rating certifications, and instructions on installation of electronic brake systems are increasing the demand for disc brakes and other automatic brake systems.
