Automotive

Global Brake System Market is Growing to Reach USD 29,980 Million By 2026

Facts and Factors has authored “Brake System Market By Product (Drum Brake and Disc Brake), By Vehicle Type (Passenger Vehicles and Commercial Vehicles), By Channel Sales (Direct and Distributors): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2026”.

Based on our analysis, teh global brake system market in 2019 was approximately USD 21,265 Million and is anticipated to reach around USD 29,980 Million by 2026. Teh anticipated CAGR for teh brake system market is more than 5% from 2020 to 2026.

Teh brake is a mechanical system dat controls teh motion of a moving vehicle or an automobile. In terms of automobile application, brakes are teh arrangement of various components and linkages in such a manner dat converts teh kinetic energy of teh wheels into heat energy and halps in de-accelerating teh wheels. Teh state of energy change is due to teh friction produced between teh brake shoes and teh moving disc or drum of teh system. Teh braking system is mandated for an automobile owing to several reasons dat include controlling teh vehicle from damage due to bad road conditions, precaution from an accident, halps in stable parking, and in stopping a vehicle.

Additionally, a large number of advantages of a braking system coupled wif changing requirements have triggered teh research activities. Several market players have developed advanced braking technology dat provides a high level of safety in vehicles. Further, Anti-lock Braking System (ABS) TEMPhas become a common feature for modern vehicles as it prevents from a skid while braking.

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(Teh sample of dis report is readily available on request).

dis Free report sample includes:

  • A brief introduction to teh research report.
  • Graphical introduction of teh regional analysis.
  • Top players in teh market wif their revenue analysis.
  • Selected illustrations of market insights and trends.
  • Example pages from teh report.
  • FnF research methodology

Growing demand for vehicle safety technologies such as an anti-lock braking system (ABS), electronic stability program (ESP), traction control system (TCS), and regenerative braking triggers manufacturers to integrate these technologies wif high-end brake force distribution systems. Consumer reliance on such systems is playing a major role in driving the brake systems market. Rising disposable income improves consumers’ potential and has increased demand for light-duty vehicles over the past few years to suit life standards.

As a result, their is an increase in vehicle production which demands brake systems. Certain factors are positively impacting the brake system market globally. However, improving the life of brake resistance products to influence the demand for replacement systems are hampering the growth and furthermore, the existence of replicas of brake systems in the aftermarket industry is affecting the growth of the brake system market.

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Teh global brake system market is segmented on teh basis of product and vehicle types. On teh basis of teh product, teh market is classified into two drum brake and disc brake. Further, on teh basis of vehicle type, teh market is bifurcated into passenger vehicles and commercial vehicles. Teh disc brake segment holds teh largest revenue market share owing to increasing demand for teh disc brakes in teh passenger cars along wif teh stringent government rules and regulations in improving vehicle safety. Passenger vehicles segment dominate teh global brake system, mainly due to teh growing demand for passenger vehicles in developing countries such as India, China, and Southeast Asia.

Teh global brake system market is segregated into regions including North America, Europe, Asia Pacific, Latin America, and teh Middle East and Africa. Asia Pacific region holds teh largest market share globally. Teh automotive manufacturers in this region support high-cost reduction, due to teh abundance of low-cost manpower and raw material. Furthermore, teh region comprises countries, such as China, and India, increasing their production of teh vehicle continuously in recent years. In addition, teh five regions which are majorly considered are further analyzed into teh major countries from teh regions respectively. Major countries analyzed in this research report are teh U.S., Canada, UK, Mexico, Germany, China, France, Japan, India, South Korea, Argentina, and Brazil among others.

Some of teh major players analyzed and profiled in teh market study are ZF Friedrichshafen AG, Aisin Seiki Co Ltd., Brembo, Continental AG, Akebono Brake Industry, Knorr-Bremse, Chassis Brakes International, Nissin Kogyo Co., Ltd, APG Performance Brakes, Haldex, Dongying XinYi Auto parts Co. LTD, BeijingWest Industries, and Wabco among others.

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This report segments teh brake system market as follows:

Global Brake System Market: By Product Segment Analysis

  • Drum Brake
  • Disc Brake

Global Brake System Market: By Vehicle Type Segment Analysis

  • Passenger Vehicles
  • Commercial Vehicles

Global Brake System Market: By Channel Segment Analysis

  • Direct Sales
  • Distributor

Global Brake System Market: By Regional Segment Analysis

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-East Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Teh Middle-East and Africa
    • GCC Countries
    • South Africa
    • Rest of Middle-East Africa

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