Technological advancements and introduction of electro-mechanical brakes, which incorporated the precision of digital microcontrollers and sensors, have enabled automakers to deliver utmost safety for passengers.
The ABS segment held the largest market share in Additionally, the mandatory implementation of the ESC technology, sincein all light vehicles is driving the regional market.
The introduction of smart braking systems has led to a decrease in the number of accidents and loss of lives. Automobile manufacturers enter long term service agreements Ex: These can be integrated with other safety systems that enable speed control and prevent skidding of vehicles to minimize risks of a potential accident.
Increased awareness regarding safety has created a demand for advanced safety features in vehicles and technological advancements, like the ABSCBS etc. Furthermore, they are actively engaged in extending their geographical presence to high-growing markets and strengthening their production capabilities.
Automobile manufacturers ought not to shift to new players World automotive brake system market 2018 to quality, reliability, cost, and lead-time concerns. Key Developments in the Market March The report offers concise and complete information about emerging market segments in automotive brake actuation systems and market driving factors will boost the decision-making process.
Increasing popularity of active braking systems, coupled with a boost in sales of luxury and premium vehicles, is presumed to drive the market. The active efforts of various automotive associations toward mandatory implementation of ABS in prominent regions have led to the growth of the ABS technology.
The report provides World automotive brake system market 2018 analysis for automotive brake actuation systems across more than 5 regions worldwide.
The report describes the leading market players on basis of their company profile, automotive brake actuation systems product details, manufacturing plants and capacity, market share, import-export details, financial record of past years, automotive brake actuation systems market developments and marketing strategies used by them.
Widespread awareness of the adverse effects of using counterfeit parts and reduction in prices of genuine auto parts are crucial in curbing counterfeiting. Although SWOT analysis automotive brake actuation systems market players will help the readers in analyzing the opportunities and to understand competition pattern of the global automotive brake actuation systems market.
The enclosed design of drum retains heat while operating. To increase the life of brake pads, advancements in materials have also played a vital role in the growth of the market.
The TCS technology ensures traction in adverse road conditions, thereby, providing additional safety. The presence of major players and high initial investment cost are expected to restrict the entry of new market players.
But now, drum brakes have completely moved to only commercial vehicles and the demand for drum brakes is completely related to the commercial vehicle sales. Another crucial problem faced by manufacturers is counterfeit of parts, which can hamper the vehicle performance and safety.
Increasing purchasing power of people in many countries has created a need for quality life, which has a direct impact on the demand for vehicles thereby driving the dependent automotive brakes market.
Vehicle Type Insights The market is broadly segmented into passenger cars and commercial vehicles. Continental AG has introduced the third generation of the anti-lock braking system ABS3 now responds with even greater speed and precision thanks to enhanced brake pressure control July Additionally, the ability to integrate with other advanced systems is expected to drive their demand.
There has been an increase in the usage of disc brakes in the recent years, primarily, due to their ability to function in adverse weather conditions without overheating or fading.
According to OICA, inthe sales of passenger cars increased by approximately 4. However, this has increased the cost of braking systems and subsequently, the overall vehicle cost. Likewise, the rising adoption of ESC technology, owing to its perceived benefits in gaining vehicle control during an emergency situation, is expected to drive the growth of the automotive brake systems market over the forecast period.
Similarly, the commercial vehicles segment showed a steady upsurge as the sales reached 24 million units in from 23 million units in This leads to a dip in performance. At the initial level, the report offers the fundamental overview of the automotive brake actuation systems market on basis of definition, market concentration, classification, automotive brake actuation systems market revenue statistics from to There is an increase in demand for the installation of active as well as passive safety in automobiles.
However, high costs of the latest technologies prove to be challenging for automakers, as they are unable to incorporate the technologies into low-priced vehicles.
Moreover, the technology can be implemented using the same infrastructure used for ABS.Moreover, market statistic information from –top market players in automotive brake actuation systems, their company profile, market share, segmentation, and geographical overview of the automotive brake actuation systems industry will help the readers in planning their business strategies.
The global automotive brake system market is expected to record a CAGR % during the forecast period. The market will grow due to. Sep 04, · killarney10mile.com is online market intelligence firm has recently published a new report “Automotive High-Performance Brake Systems Market: Global Industry Analysis – and Forecast ” covers a comprehensive study of global automotive high-performance brake systems killarney10mile.com report offers concise and complete information about emerging market segments in automotive.
The global automotive brake systems market size was valued at USD 19, million in and is expected to grow at a. Global Brakes industry research report starts with an elemental introduction to Brakes market along with product definition, product scope, market overview, and product specification.
Basic segment classification includes Brakes market-leading players, major geographical regions, product types, and applications. This report studies Automotive Carbon Ceramic Brake System in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from toand forecast to This report focuses on top.Download