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Global Automotive Braking System Market

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pallavi narwade

Global Automotive Braking System Market accounted for the US $26.75 Bn in 2017 is expected to reach the US $47.90 Bn. by 2026 at a CAGR of 7.62%.  The automotive braking system in a vehicle can be regarded as an energy conversion device, which transfers the momentum into heat to stop the vehicle.

 

The driving factor for the Automotive braking system are incrementing demand in consumer preferences, increase in government regulations for the safety of the vehicle and rising death due to a failure of the brake system in vehicles. In restrains for automotive braking systems will the higher cost of the newer technology of electronic systems.

 

 

Global Automotive Braking System Market is segmented into Brake type, Vehicle type, Technology type, and geography. In terms of Brake, a segment is an increase in the usage of disc brakes in recent years, primarily, due to their ability to function in adverse weather conditions without overheating or fading. Availability of these brakes in different sizes and configurations depending on their application will increase the market of disk brakes. In-Vehicle segment passenger car will be growing faster as intelligent braking system is adjusted as per the driving situation to ensure safe braking and ever-increasing income level in developing nation citizen will be the key role for Automotive Braking System Market.

 

Among region, Asia Pacific is expected to grow at the highest CAGR during the forecast period. A rise in the production of the vehicle, the increase in disposal income will be major changes of the market. While the key countries like India, South Korea, and China are an outcome of the increasing demand for commercial vehicles and passenger cars will be the opportunity for growth.

 

Global Automotive Braking System Market share is consolidated, as the key multinational players occupy the major industry share. TRW Automotive Holdings Corp., Aisin-Seiki Co. Ltd., Continental AG, Akebono Brake Industry Co. Ltd., Brembo S.P.A., Halla Mando Corp, Autoliv, Inc., Brembo S.p.A., Autoliv, Federal-Mogul Holdings LLC, Haldex, Knorr-Bremse AG, Nissin Kogyo Co.Ltd., Mercosur, Robert Bosch GmbH, WABCO, ZF Friedrichshafen AG, Holdings Corp, BWI Group, Chassis Brakes International Group and Valeo. Production capacity expansion, brand portfolio expansion, mergers, collaborations, and acquisitions are the key strategies adopted by stry players. For instance, in 2018, Continental A.G. has announced its acquisition of VUK spol. s.r.o, its long-term supplier of components for tyre-assembly machines, in an order to boost its expertise in tire manufacturing equipment.

For more information visit https://www.maximizemarketresearch.com/market-report/automotive-braking-system-market/14550/

Market Scope of Global Automotive Braking System Market

 

Global Automotive Braking System Market By Brake Type

 

  • Disk brake
  • Drum brake

Global Automotive Braking System Market By Vehicle type

 

  • Passenger Cars
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle

Global Automotive Braking System Market By Technology

 

  • Anti-Lock Braking System (ABS)
  • Electronic Stability Control (ESC)
  • Traction Control System (TCS)
  • Electronic Brake-Force Distribution (EBD)

Global Automotive Braking System Market By Geography

 

  • North America
  • Europe
  • Asia-Pacific
  • Middle East & Africa
  • Latin America

Key Players operating in Global Automotive Braking System Market:

 

  • TRW Automotive Holdings Corp.,
  • Aisin-Seiki Co. Ltd.,
  • Continental AG
  • Akebono Brake Industry Co. Ltd.,
  • Brembo S.P.A.,
  • Halla Mando Corp
  • Autoliv, Inc.,
  • Brembo S.p.A.,
  • Federal-Mogul Holdings LLC,
  • Haldex
  • Knorr-Bremse AG
  • Nissin Kogyo Co.Ltd.,
  • Robert Bosch GmbH
  • WABCO
  • ZF Friedrichshafen AG
  • Holdings Corp
  • Valeo

 

Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the current Global Automotive Braking System Market outlook. The report encompasses the Automotive Braking System Market by different segments and region, providing the in-depth analysis of the overall industry ecosystem, useful for taking the informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the automotive braking system market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Automotive Braking System Market positioning of competitors.

 

This Report Is Submitted By @Maximize Market Research Company

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Organization: MAXIMIZE MARKET RESEARCH

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