Automotive Brake System Market – 2019 Size, Trends, Growth, Share, Regional Analysis With Global Industry Forecast To 2023
Automotive Brake System Market 2019 Global Industry Forecast to 2023 is latest report published by Market Research Future. Global Automotive Brake System Market is to grow at 6.89% CAGR by 2023. Global Automotive Brake System Market by Brake Type, Brake System, Vehicle Type and Region with Forecast To 2023.
Pune, India – August 7, 2019 /MarketersMedia/ —
Automotive Brake System Market 2019 Global Size, Growth Trends, And Regional Outlook to 2023 is latest report published by Market Research Future. Global Automotive Brake System Market is to grow at healthy 6.89% CAGR by 2023. Global Automotive Brake System Market by Brake Type (Disc and Drum), Brake System (ABS, TCS, ESC, and Others), Vehicle Type (Passenger Cars and Commercial Vehicles) and Region with Forecast To 2023.
Automotive Brake System Key Players Analyzed in Report:
Continental AG (Germany), Robert Bosch GmbH (Germany), ZF Friedrichshafen AG (Germany), Knorr-Bremse AG (Germany), Wabco Holdings, Inc. (U.S.), Aisin Seiki Co, Ltd. (Japan), Halla Mando Corp. (South Korea), TRW Automotive Holdings Corp (U.S.), Akebono Brake Industry Co. Ltd. (Japan), and Valeo (France).
Get Free Sample “Automotive Brake System Market Research Report-Global Forecast till 2023” at: https://www.marketresearchfuture.com/sample_request/4166
Automotive Brake System Market Highlights:
Market Research Future published a research report on Automotive Brake System market. The global market for Automotive Brake System is majorly driven by factors such as increase demand for automotive, government mandates to improve the vehicle safety and others. Global Automotive Brake System market is expected to reach USD 30.95 Bn by 2023; registering approximately 6.89% CAGR throughout the review period (2017 to 2023).
The developing automotive industry has largely impacted engineering advancements for performance improvement in vehicles. Brakes play an important role in ensuring safety, which is very essential given the steadily rising demand for speed. Automotive Brake System market is witnessing the advent of advanced technological developments such as ABS, TCS, ESC and others. Development of braking technology serves as a boost to the overall automotive braking industry.
The increase in stringent government regulations for safety is one of the key driving factors of market growth. The increased emphasis on safety of the drivers is encouraging many OEMs to develop parts that provide high strength and security using the latest safety technologies.
On the other hand, factors such as the requirement of high capital investments are obstructing the market growth. Nevertheless, augmenting demand for safety technologies and the increasing number of automotive unit sale worldwide is expected to support the market growth, increasing the uptake of the braking system in the vehicles.
Global Automotive Brake System Market Segments:
Global Automotive Brake System Market Segments:
MRFR has segmented the analysis into five key dynamics; for better understanding: –
By Technology: Halogen, LED, and Xenon.
By Vehicle Type: Passenger Car, Light Commercial Vehicle, and Heavy Commercial Vehicle among others.
By Application: Front Lights, Side Lights, Rear Lights, and Interior Lights.
By End Market: OEM and Aftermarket.
By Region: Europe, North America, Asia Pacific, and Rest-of-the-World (RoW).
Global Automotive Brake System Market Regional Overview:
Geographically, Asia-Pacific is dominating the market with increasing vehicle production in countries such as India and China and focus on increasing production capacity, are driving the market for Automotive Brake System. Robust economic growth and escalating lifestyles are pushing the market towards growth. Moreover, high production of vehicles, increasing operational performance, improving drivability and ensuring safety are some of the factors, which boost the market of Asia-Pacific. Many countries including China, Japan, and others are prime manufacturing hubs for a variety of industries including automobile manufacturing. The large-scale use of Automotive Brake Systems in these regions, boost the market.
The European region is another lucrative market for Automotive Brake System market. The region accounts for the global automotive hub for research and innovation. Undoubtedly, the resurging economy is playing a vital role in the growth of the market in the region. The growing passenger cars markets in Germany, the UK, France, and Italy will majorly support the market growth in the region.
The Automotive Brake System market in North America is rapidly emerging as a promising market. Substantial technological advancements and their uptake drive the market growth in the region. Factors such as increasing production of vehicles and the growing demand for safety features in automobiles and in passenger cars especially drive the regional market. The well-established automotive industry in this region creates opportunities for the automotive braking market to grow significantly during the forecast period.
TABLE OF CONTENTS:
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4 Global Automotive Breaking System Market, By Brake Type
4.1 Introduction
4.2 Disc
4.3 Drum
5 Global Automotive Breaking System Market, By Brake System
5.1 Introduction
5.2 ABS
5.3 TCS
5.4 ESC
5.5 Others
6 Global Automotive Breaking System Market, By Vehicle Type
6.1 Introduction
6.2 Passenger Cars
6.3 Commercial Vehicles
7 Regional Market Analysis
7.1 Introduction
7.2 North America
7.2.1 U.S.
7.2.2 Canada
7.3 Europe
7.3.1 U.K
7.3.2 France
7.3.3 Germany
7.3.4 Spain
7.3.5 Rest Of Europe
7.4 Asia-Pacific
7.4.1 China
7.4.2 Japan
7.4.3 India
7.4.4 Rest Of Asia-Pacific
7.5 Rest Of The World
8 Competitive Analysis
8.1 Introduction
8.2 Competitive Scenario
8.2.1 Market Share Analysis
8.2.2 Market Development Analysis
8.2.3 Brake Type/Service Benchmarking
8.3 Robert Bosch GmbH
8.3.1 Overview
8.3.2 Brake Type/Service Offering
8.3.3 Strategy
Continued…
List Of Tables:
TABLE 1 GLOBAL AUTOMOTIVE BREAKING SYSTEM MARKET, BY BRAKE TYPE
TABLE 2 GLOBAL AUTOMOTIVE BREAKING SYSTEM MARKET, BY BRAKE SYSTEM
TABLE 3 GLOBAL AUTOMOTIVE BREAKING SYSTEM MARKET, BY VEHICLE TYPE
TABLE 4 GLOBAL AUTOMOTIVE BREAKING SYSTEM MARKET, BY REGIONS
TABLE 5 NORTH AMERICA AUTOMOTIVE BREAKING SYSTEM MARKET, BY BRAKE TYPE
TABLE 6 NORTH AMERICA AUTOMOTIVE BREAKING SYSTEM MARKET, BY BRAKE SYSTEM
TABLE 7 NORTH AMERICA AUTOMOTIVE BREAKING SYSTEM MARKET, BY VEHICLE TYPE
TABLE 8 U.S. AUTOMOTIVE BREAKING SYSTEM MARKET, BY BRAKE TYPE
TABLE 9 U.S. AUTOMOTIVE BREAKING SYSTEM MARKET, BY BRAKE SYSTEM
Continued…
LIST OF FIGURES:
FIGURE 1 RESEARCH METHODOLOGY
FIGURE 2 GLOBAL AUTOMOTIVE BREAKING SYSTEM MARKET: BY BRAKE TYPE (%)
FIGURE 3 GLOBAL AUTOMOTIVE BREAKING SYSTEM MARKET: BY BRAKE SYSTEM (%)
FIGURE 4 GLOBAL AUTOMOTIVE BREAKING SYSTEM MARKET: BY END MARKET (%)
FIGURE 5 GLOBAL AUTOMOTIVE BREAKING SYSTEM MARKET: BY REGION
FIGURE 6 NORTH AMERICA AUTOMOTIVE BREAKING SYSTEM MARKET, BY BRAKE TYPE (%)
FIGURE 7 NORTH AMERICA AUTOMOTIVE BREAKING SYSTEM MARKET, BY BRAKE SYSTEM (%)
FIGURE 8 NORTH AMERICA AUTOMOTIVE BREAKING SYSTEM MARKET: BY END MARKET (%)
FIGURE 9 EUROPE AUTOMOTIVE BREAKING SYSTEM MARKET, BY BRAKE TYPE (%)
Continued…
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