The
Global Automotive
Brake Systems Market is anticipated to grow at a higher CAGR in the
forthcoming period. Automobile braking system is a most important mechanism in
vehicles. When a brake fails, and a crash happens it may result into a severe
fatality. Hence to ensure road safety, a rider should possess basic knowledge
related to brake system and should keep inspecting brakes and braking system on
a regular basis to ensure brakes are in a good condition.
Driving
factors responsible for the growth of automotive brake systems industry
includes rise in vehicle production due to rise in demand. Other factors
include government regulations pertaining to stopping distances and safety
certifications. Product segmentation for automotive brake system industry
includes disc brakes and drum brakes. Segmentation based on application,
automotive brake system market includes two wheeler motor vehicles, light
commercial vehicles and passenger car vehicles.
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| Automotive Brake Systems Market |
Based
on technological segmentation, automotive brake system market includes traction
control system (TCS), anti-lock braking system (ABS) and electronic stability
control (ESC). Geographically, automotive brake systems industry spans North
America, South America, Europe, Asia-Pacific, Middle-East and Africa. APAC
market is estimated to grow at a higher CAGR in the forthcoming period since
APAC regions are emerging as a major hub for automotive by having major share
in terms of vehicle production and sales.
Demand
for vehicle production is thus directly associated with vehicle production in
this region. Other factors such as stringent government norms from government
agencies and consumers contribute to the market demand. The key players in
automotive brake systems market include Robert Bosch GmbH, Continental AG, ZF
Friedrichshafen AG, Wabco Holdings Inc. Knorr-Bremse AG, Aisin Seiki Co Ltd.,
BMW Group and Daimler AG.
Market Segment:
Geographically, this report is segmented
into several key Regions, with production, consumption, revenue (million USD),
market share and growth rate of Automotive Brake Systems in these regions, from
2012 to 2022 (forecast), covering
•
United States
•
EU
•
China
•
Japan
•
South Korea
•
India
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