Global Automotive Brake Components Market

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Global Automotive Brake Components Market


The global automotive brake components market is growing with technological advancement and development in the braking system like ABS and regenerative systems are increasing the adoption rate of the reliable braking system. Automotive brakes are an essential part of a vehicle, failure of any part in the braking system may lead to severe accident sometimes led to a fatality. Thus the growth of automotive brake components highly depends on the growth of the automotive sector and braking system.
Global Automotive Brake Components Market size was valued at US $ XX Mn. in 2019 and is expected to grow at a CAGR of XX% over 2020-2027.

Global Automotive Brake Components Market

The report covers the detailed analysis global automotive brake components industry with the classifications of the market on the vehicle type, sales channel, product type and region. Analysis of past market dynamics from 2016 to 2019 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key players' contribution in it.

The report has profiled major key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimation the size of the same. The manufacturing environment in each region is different and focus is given on the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced technology, trusted vendors are analyzed and the report has come up with recommendations for a future hot spot in the Asia Pacific region. The major country’s policies about the automotive and its impact on braking system manufacturers are covered in the report.

Global Automotive Brake Components Market

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The Automotive Brake Components market is segmented by product type in sub-segments like Brake Caliper, Brake Shoe, Brake Line, acceleration sensor, and others. The brake shoe segment is expected to hold a major market in terms of volume in 2021. The Brake shoe segment is growing at a CAGR of xx% during the forecast period. The growth of the automotive sector, increasing demand for vehicle safety, government norms, braking system design development, and customers' demand for advanced braking systems are driving the braking component market growth over the forecast period. The primary function of a braking system is to control or stop the vehicle's speed. Brake Lines are used to connecting the braking caliper to the braking lever, it is a type of hose containing braking fluid like oil or air. In 2020, Continental AG has introduced their advanced high-quality brake line, which is specially designed to fit in safety and reliability requirements of new vehicles.
It is expected that Passenger vehicles segment will cover XX % of market share in 2021.

The growth in automotive sales and increasing demand for personal mobility are driving the growth of the passenger vehicle segment. In 2017, Global passenger vehicle sell was about 80 million units. China is the major market in the passenger vehicle segment in terms of vehicle sales and production. The passenger vehicle segment is expected to grow at a CAGR of xx% over the forecast period. The passenger vehicle segment held a dominant position in the market, with a market value of US$ XX Mn in 2019. Growing demand for intercity transportation driving the growth of passenger vehicles.

Global Automotive Brake Components Market1

The government all over the world focusing on the safety and performance of a vehicle. Increasing stringent vehicle safety norms led to increasing vehicle safety standards. Manufacturers are providing advanced braking technologies for the safety of a vehicle. Automotive manufacturers are started their shift to develop and install a more efficient braking system in the vehicle.
Global Automotive Brake Components Market Regional Insights

Global Automotive Brake Components Market2
Asia-Pacific is expected to grow at highest CAGR of XX% during the forecast period

The Asia Pacific has significant market growth potential due to an increase in the number of vehicle production. Low manufacturing cost, a large number of automotive component manufacturers, and Government norms in Asia-Pacific driving the Automotive Brake Components market at a CAGR of XX% over the forecast period. The rise in the per capita spending, growing urban population, and government initiative for business growth are propelling the market growth for Automotive Brake Components. In 2019, the government of India had mandated automakers to install the antilock braking system in every new vehicle sold. China has a major Automotive Brake Components market share in the Asia Pacific region. New product launches and collaboration of automotive component manufacturers driving the growth of the automotive braking component market in the APAC region.

The objective of the report is to present a comprehensive analysis of the Global Automotive Brake Components Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Automotive Brake Components Market dynamics, structure by analyzing the market segments and project the Global Automotive Brake Components Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Automotive Brake Components Market make the report investor’s guide.
Scope of the Global Automotive Brake Components Market: Inquire before buying

Global Automotive Brake Components Market, By Distribution Channel

• OEM
• Aftermarket
Global Automotive Brake Components Market, By Vehicle Type

• Passenger Cars
• Commercial Vehicles
Global Automotive Brake Components Market, By Product Type

• Brake Caliper
• Brake Shoe
• Brake Line
• Brake Pad
• Other
Global Automotive Brake Components Market, by Region

• Asia Pacific
• North America
• Europe
• South America
• Middle East & Africa
Key players operating in Global Automotive Brake Components Market

• Robert Bosch GmbH
• Continental AG
• Akebono Brake Corporation
• ZF Friedrichshafen AG
• Federal-Mogul Holdings LLC
• Hitachi Automotive Systems, Ltd
• Aisin Seiki Co. Ltd
• Wabco Holdings Inc.
• ADVICS CO., LTD.
• Bemba S.p.A.


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This Report Is Submitted By : Maximize Market Research Company
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