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With Increasing Commercialization of Luxury Automobiles, the Automotive Brake System Market to accelerate going Forward

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With luxury automobiles being increasingly adopted, automotive brakes are inevitable. Persistence Market Research has walked through these facts with probable calls to action in its latest market study entitled “Automotive Brake System Market”.

Automotive Brake System Market Dynamics

Automotive brake system market, by type of brake, spans drum brake and disc brake. By sales channel, it’s aftermarket and OEM. By type of vehicle, it’s premium passenger cars, heavy commercial vehicles, light commercial vehicles, luxury passenger cars, compact passenger cars, and mid-sized passenger cars.

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By technology, it’s ABS (anti-lock braking system), ESC (electronic stability control), TCS (traction control system), and EBD (electronic brake-force distribution. Persistence Market Research has analysed these facets in detail with future perspectives in its latest market study entitled “Automotive Brake System Market”.

Region-wise Analysis

The Asia-Pacific is expected to contribute for the highest revenue share in the automotive brake system market. This could be attributed to the countries like India, Japan, and China driving the automotive sector. As far as Japan is concerned, production of automobiles as well as auto components contribute for more than 89% of the transportation machinery vertical. Europe holds the second largest share with Italy, France, Germany, and the UK leading from the front.

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This could be reasoned with higher export of the automobiles and components concerned (inclusive of automotive braking system). It needs to be noted that Germany is amongst the pioneers regarding engineering in automotive vertical. Persistence Market Research has, through its analysts and consultants, entailed these facts with insights in its latest market study entitled “Automotive Brake System Market”.

Competitive Brake System

Persistence Market Research has profiled the key players in automotive brake system market as Robert Bosch GmbH, Continental AG, ZF Friedrichshafen AG, Wabco Holdings, Inc., Knorr-Bremse AG, Aisin Seiki Co., Ltd., TRW Automotive Holdings Corp., Akebono Brake Industry Co. Ltd., Bremo S.p.A., Halla Mando Corp., and likewise.

Persistence Market Research has also not missed out on mentioning about the key developments on this part. For instance – ZF Friedrichshafen AG, in May 2020, completed acquisition of Wabco for expanding the portfolio of commercial vehicle services.

Delphi Technologies, in March 2020, did come up with brake pads for novel Land Rover Defender 110, so as to enhance supply of “quality aftermarket brake pads”. Mando Corp., in September 2018, tabled a new-fangled EBS (electronic brake system) termed as MGH-100. It claims to improve driving safety by curtailing skidding at the time of braking. Knorr-Bremse AG, in September 2018, did launch a disc brake for light commercial vehicles and trailers. This was a step towards expansion of product portfolio at the global level.

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The Future

The global automotive brake system market is likely to grow voraciously in the next 10 years – Persistence Market Research

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