Brake System Market Overview
Maximize Market Research, a leading international business consultancy firm, has released its highly anticipated "Brake System Market" Report, providing crucial insights into the market's potential in the Asia Pacific region. Despite economic challenges post the Covid lockdown period, the market has showcased resilience and an upward trend. The report positions the Asia Pacific region as a lucrative opportunity for Brake System market and its component manufacturers over the next decade.
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Brake System Market Values
Brake System Market is anticipated to reach US$ 30.19 Bn by 2029 from US$ 21.74 Bn in 2022 at a CAGR of 4.8% during a forecast period.
Brake System Market Scope
Import and export consumption, supply and demand chain, costs, shares, sales volumes, revenues, and gross profits are covered in the Brake System market analysis report. The manufacturing bases, capacity, production, factory prices, revenues, and market share of each manufacturer in the Brake System market are examined in the report.
Market Dynamics for Brake Systems
During the projected period, the braking system market is anticipated to grow as a result of rising automotive production and sales as well as rising demand for electric vehicles. In addition, it is projected that growing limitations on traffic safety applications would drive growth in the market for advanced brake systems, including electronic brake-power distribution systems, braking antilockers, and others. In order to safeguard public safety and reduce the number of accidents, governmental organisations have mandated the strict adoption of active automotive safety applications. For this reason, American automakers have promised that by September 2022, all of their cars will include a forward-looking, low-speed AEB system with forward-looking collision warning.
Brake System Market Segmentation
by Type
Disc
Drum
by Technology
Antilock Braking Systems (ABS)
Electronic Stability Control (ESC)
Traction Stability Control (TCS)
Electronic Brake force Distribution (EBD)
by Vehicle Type
Passenger Car
Light-commercial Vehicles (LCV)
Truck
Bus
According to Vehicle Type, the passenger automobile sector led the global market. Over the course of the projection period, the segment is anticipated to increase at a CAGR of 7.2%. The principal market share and growth of passenger cars are primarily influenced by the implications of sophisticated driver aid systems. The majority of manufacturers' investments go towards developing new car technologies, which has helped to grow the automotive sector and the market for brake systems. Furthermore, the growing usage of electronic frequencies is anticipated to propel the Brake System market further. While electronic brakes are widely used in Europe and North America, their prevalence is increasing in Asia.
by Actuation
Hydraulic
Pneumatic
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Brake System Market Key Players
1.Continental AG
2.Robert Bosch GmbH
3.ZF Friedrichshafen AG
4.AISIN SEIKI Co., Ltd
5.DENSO CORPORATION
6.AKEBONO BRAKE INDUSTRY CO., LTD
7.Wabco Holdings, Inc
8.Knorr-Bremse AG
9.Brembo S.p,A
10.Hitachi Astemo Ltd
11.Mando Corporation
12.Haldex AB
13.Wabco Holdings, Inc
14.Delphi Automotive PLC
15.Hitachi Automotive Systems, Ltd
Table of content for the Brake System Market includes:
Part 01: Executive Summary
Part 02: Scope of the Brake System Market Report
Part 03: Global Brake System Market Landscape
Part 04: Global Brake System Market Sizing
Part 05: Global Brake System Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Regional Analysis
The Brake System market report comprises an extensive analysis of the Brake System industry across five primary world regions are Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America. It delves into the market's key geographies and highlights notable segments and sub-segments within the industry.
Key Questions answered in the Brake System Market Report are:
- What is Brake System Market?
- What is the forecast period of the Brake System Market?
- What is the competitive scenario of the Brake System market?
- Which region held the largest market share in the Brake System Market?
- What are the opportunities for the Brake System Market?
- What are the restraining factors in the Brake System market?
- Who are the key players of the Brake System market?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Brake System
- Landscape- Leading key players and other prominent key players.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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