Automotive Braking System Market: 2018 Global Industry Size, Share, Growth Factors, Trends, Competitive Analysis, and Regional Forecast To 2023

“Automotive Braking System Market”
Automotive Braking System Market Research Report 2018 provides comprehensive information, Automotive Braking System Market is to grow $30.95 Billion by End of Year 2023. This research report analyzes Global Automotive Braking System Market by Brake Type (Disc and Drum), by Brake System (ABS, TCS, ESC, and Others), by Vehicle Type (Passenger Cars and Commercial Vehicles) and by Region with Forecast to 2023.

Key Companies in Automotive Braking System analyzed are for market analysis are:

Robert Bosch GmbH (Germany), Continental AG (Germany), ZF Friedrichshafen AG (Germany), Wabco Holdings, Inc. (U.S.), Knorr-Bremse AG (Germany), Aisin Seiki Co, Ltd. (Japan), TRW Automotive Holdings Corp (U.S.), Halla Mando Corp. (South Korea), Akebono Brake Industry Co. Ltd.( Japan), Valeo (France).

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Automotive Braking System Global Market Overview:

The market is expected to witness a significant upsurge over the next eight years, owing to the implementation of advanced systems such as Antilock Braking System (ABS), Traction Control System (TCS), Electronic Stability Control (ESC), and Electronic Brake-Force Distribution (EBD), among others. ABS systems do not change the basic design of the automobile brake systems but add an additional control system to the brakes in order to maximize braking capability and steer ability during an aggressive braking situation.

Moreover, increasing demand for commercial, passenger vehicles along with government mandates for improving vehicle safety, is a major market driver for the growth of automotive braking system. However, higher cost of the newer technology of Electronic Brake Systems (EBS), acts as a major restraint for automotive braking system market.

Geographically, Asia-Pacific is dominating the market with increasing vehicle production in countries such as India and China and focus on increasing production capacity, are driving the market for automotive braking system. Robust economic growth and escalating lifestyles are pushing the market towards growth. Moreover, high production of vehicles, increasing operational performance, improving drivability and ensuring safety are some of the factors, which boost the market of Asia-Pacific.

With the rapid development of automobile manufacturing, increasing production of vehicles, Brake system is the guarantee of the safety of the car and will directly affect the operational safety and transportation efficiency. Government have set various regulations to make use of this type of braking system for the safety of people which fuelling the market growth. Whereas, the higher cost of the newer technology of Electronic Brake Systems (EBS) when compared to the commonly used Hydraulic Brakes acts as a restraining factor for the growth of the market.

Industry/ Innovation/ Related News:

In 2015, BorgWarner had delivered DualTronic clutch module to Eaton for class 6 and 7 medium-duty trucks in North America. This will help to improve the fuel efficiency of the vehicles.

In Oct 2017, Aisin Group has strengthen its production system for Automotive Braking Systems, mainly in China and Japan.

Table Of Contents:

1 Executive Summary

2 Research Methodology

2.1 Scope Of The Study

2.1.1 Definition

2.1.2 Research Objective

2.1.3 Assumptions

2.1.4 Limitations

2.2 Research Process

2.2.1 Primary Research

2.2.2 Secondary Research

2.3 Market Size Estimation

2.4 Forecast Model

3 Market Dynamics

3.1 Market Drivers

3.2 Market Inhibitors

3.3 Supply/Value Chain Analysis

3.4 Porter’s Five Forces Analysis

4 Global Automotive Breaking System Market, By Brake Type

4.1 Introduction

4.2 Disc

4.3 Drum

5 Global Automotive Breaking System Market, By Brake System

5.1 Introduction

5.2 ABS

5.3 TCS

5.4 ESC

5.5 Others

6 Global Automotive Breaking System Market, By Vehicle Type

6.1 Introduction

6.2 Passenger Cars

6.3 Commercial Vehicles

Continued…

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