The global automotive brake systems market size was valued at USD 19,471.6 million in 2016 and is projected to grow at a CAGR of 5.5% during the forecast period.The market is expected to experience a positive metamorphosis and an upswing over coming eight years courtesy the implementation of advanced systems. The introduction of the smart braking systems has been a boon of some sorts as it has tremendously decreased the number of accidents and the subsequent loss of life. The rises in the production of vehicles and sales in accordance with the regulations have contributed tremendously to the massive growth and development of the industry.
According to the data provided by the World Health Organization (WHO) around 1.3 million deaths occur due to accidents. And this rise in deaths could be reduced with the integration of an accurate safety feature of vehicles. This has significantly contributed to the rise in the demand for active as well as passive safety in automobiles. Various stringent regulations have also been adopted various Safety Departments. For e.g. – the National Highway Traffic Safety Administration (NHTSA), an agency of the U.S. Department of Transportation (DOT), has adopted the Automatic Emergency Braking (AEB) from 2022 to cut down the rise in the road accidents.
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This report studies Automotive Brake Systems 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 2012 to 2016, and forecast to 2022.
Key Players for Automotive Brake Systems Market are:
TRW Automotive Holdings Corp.
Automotive Components Europe S.A.
Halla Mando Corporation
Hyundai Mobis Co. Ltd
Nisshinbo Brake Inc.
Robert Bosch GMBH
Sundaram Brake Linings Limited
TMD Friction Group S.A.
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The report firstly introduced the Automotive Brake Systems basics: definitions, classifications, applications and market overview; product specifications; manufacturing processes; cost structures, raw materials and so on. Then it analyzed the world’s main region market conditions, including the product price, profit, capacity, production, supply, demand and market growth rate and forecast etc. In the end, the report introduced new project SWOT analysis, investment feasibility analysis, and investment return analysis.
Key Regions for Automotive Brake Systems Market are:
On the basis of the end users and the various applications this report throws the spotlight on the status and outlook for major applications and users, the sales volume, market share and the growth rate for each application which includes
Applications of Automotive Brake Systems Market are:
Light Commercial Vehicles
Heavy Commercial Vehicles
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
Types of Automotive Brake Systems Market are:
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Key Question for this Market Report:
What are the most important aspects driving the Automotive Brake Systems Market?
What are the necessary trends impacting the build-up of the Automotive Brake Systems Market?
What is going to the industry size as well as growth rate be in 2022?
Who will be the key manufacturers in this particular Market space?
What are the trending factors influencing the Market shares in next few years?