Automotive Braking Systems Market by Investment Feasibility, Sales, Production, manufacturers, regions and cost structure and forecast to 2023
Automotive Braking Systems Market By Type (Drum and Disc), Vehicle Type (Commercial Vehicles and Passenger Cars), Technology (TCS, EBD, ABS, ESC) Forecast 2014 to 2023
Automotive Braking Systems - Competitive Insights:
The leading players in the market are Robert Bosch GmbH, Federal-Mogul, ZF Friedrichshafen, Autoliv, Akebono Brake Industry, Brembo Brake India Pvt ltd and Continental AG. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
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Automotive Braking Systems - Industry Outlook and Trend Analysis:
The Automotive Braking Systems Market was worth USD 17.43 billion in 2014 and is expected to reach approximately USD 28.13 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 5.46% during the forecast period. The market is anticipated to encounter a huge upsurge throughout the following years, inferable from the execution of cutting edge frameworks, for example, Traction Control System (TCS), Antilock Braking System (ABS), Electronic Stability Control (ESC), and Electronic Brake-Force Distribution (EBD), among others. The advent of smart braking systems has prompted a reduction in the quantity of mishaps and loss of lives. These can be incorporated with other safety systems that empower speed control and avoid sliding of vehicles to limit dangers of a potential accident. The expanding production of vehicles and sales combined with rules over halting distances, have contributed majorly to the development and improvement of the business.
Automotive Braking Systems - Type Outlook and Trend Analysis:
The NCAP rating for cars furnished with security frameworks is a key driver of the business development. Nonetheless, high expenses of the most recent technologies turn out to be trying for automakers, as they can't incorporate the advances into low-priced vehicles. Another essential issue looked by makers is fake of parts, which can hamper the vehicle execution and wellbeing. Increased awareness to the adverse effects of utilizing fake parts and diminishment in costs of authentic vehicle parts are critical in reducing counterfeiting.
Automotive Braking Systems - Vehicle Type Outlook and Trend Analysis:
Technological progressions and advent of electro-mechanical brakes, which consolidated the accuracy of computerized microcontrollers and sensors, have empowered automakers to convey most extreme security for passengers. Nonetheless, this has expanded the cost of stopping mechanisms and in this manner, the general vehicle cost. Passenger cars proprietors excessively spend on upgraded stopping mechanisms and accordingly, the fragment is anticipated to develop at a significant CAGR over the forecast period.
Automotive Braking Systems - Market Classification:
Automotive Braking System Market, By Type, Estimates and Forecast, 2014-2023($Billion)
Disc Brakes
Drum Brakes
Automotive Braking System Market, By Vehicle Type, Estimates and Forecast, 2014-2023($Billion)
Passenger Cars
Commercial Vehicles
Automotive Braking System Market, By Technology, Estimates and Forecast, 2014-2023($Billion)
Anti-Lock Brake System (ABS)
Traction Control System (TCS)
Electronic Stability Control (ESC)
Electronic Brake-Force Distribution (EBD)
Technology Outlook and Trend Analysis:
The ABS portion held the biggest share of the overall industry in 2016. The dynamic endeavours of different automotive associations toward compulsory adoption of ABS in prominent districts have prompted the development of the ABS technology. In like manner, the rising usage of ESC technology, attributable to its apparent advantages in picking up vehicle control in an emergency situation, is anticipated to drive the development of the automotive brake systems market over the conjecture time frame.
Automotive Braking Systems - By Region:
North America - U.S, Canada, Mexico
Europe - Germany, France, UK, Italy, Spain, Rest of Europe
Asia-Pacific - Japan, China, Australia, India, South Korea, Rest of Asia Pacific
Rest of the World - Brazil, South Africa, Saudi Arabia, United Arab Emirates, Others
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Automotive Braking Systems - Regional Outlook and Trend Analysis:
The Asia Pacific area commanded the market in 2016 and is foreseen to develop at the most astounding CAGR over the conjecture time frame. The makers in the district provide high-cost lessening, inferable from the accessibility of low-cost labour and raw materials. Moreover, the district includes nations, for example, China and India, which represented around 34% of the aggregate vehicle generation in 2016. Expanding demand of active braking systems, combined with a surge in sales of extravagance and premium vehicles, is foreseen to drive the market. The North American locale is anticipated to develop at a substantial CAGR over the conjecture time frame.
Automotive Braking Systems - Table of Contents:
Introduction
Executive Summary
Market Overview
Market Analysis by Regions
Automotive Braking System Market, By Type
Automotive Braking System Market, By Vehicle Type
Automotive Braking System Market, By Technology
Automotive Braking System Market, By Region
Company Profiles
Global Automotive Braking System Market Competition, by Manufacturer
Automotive Braking System Market Forecast (2018-2023)
FEATURES OF THE REPORT:
The analysis of Automotive Braking System market, their Growth, Demand, position, size and share from different regions are mentioned in detailed.
The key players in the market and their share in the global market are discussed.
The new strategic plan and suggestions that will help old as well as new market players to maintain the competitiveness are also discussed.
The Automotive Braking System market report provides some important points related to growth factors, challenges, opportunities, end-user analysis and achievement and so on.
The latest trends that are being followed in the market are included along with an example.
How technological advancement and research, as well as development activities, are impacting the market is explained in detail.
The development plans and policies are discussed as well as manufacturing processes and cost structures too are discussed.
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As the report further, it explains developing plans and policies, making processes, cost structures of Automotive Braking System market as well as the leading players. It also concentrates on the aspects like company profile, product images, supply chain relationship, import/export details of Automotive Braking System market, market statistics of Automotive Braking System market, upcoming development plans, market gains, contact details, consumption ratio. Ultimately, the report includes an in-depth analysis of sub-segments, market dynamics, feasibility study, key strategies used by leading players, market share study and growth prospects of the industry. The report also evaluates the growth established by the market during the forecast period and research conclusions are offered.
Continued…
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