Automotive braking system is basically a combination of numerous mechanical linkages and components that can convert vehicle's kinetic energy into heat energy to de-accelerate the respective vehicle. Environmental concerns and fuel efficiency regulations are observed as significant drivers boosting the growth of the automotive brake system market in coming years all over the world.
The "Global Automotive Braking System Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the automotive braking system market with detailed market segmentation by type, vehicle type, modes of operations, and geography. The report provides key statistics on the market status of the leading automotive braking system market players and offers key trends and opportunities in the market.
- Based on type, the global automotive braking system market is segmented into disc brakes and drum brakes.
- On the basis of vehicle type, the market is segmented into two-wheeler, passenger cars, LCV and HCV.
- Based on modes of operations, the market is bifurcated into hydraulic braking system and pneumatic braking system.
- Growing production of automobiles in various developing countries of Asia.
- Rising urbanization and increasing per capita disposable income to boost market growth of automotive braking system.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The automotive braking system market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the automotive braking system market in these regions.
IMPACT OF COVID-19 ON AUTOMOTIVE BRAKING SYSTEM MARKET
The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities. This pandemic restricted movement of people from one place to another. Also, due to restriction of limited workforce at production site, automotive braking system market has also affected from supply side. All these factors have impacted the growth of automotive braking system market negatively.
The report covers key developments in the automotive braking system market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from automotive braking system market are anticipated to lucrative growth opportunities in the future with the rising demand for automotive braking system in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the automotive braking system market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Aisin Seiki Co., Ltd
- Akebono Brake Industry Co., Ltd
- Autoliv Inc
- Brembo S.p.A
- Continental AG
- Hella Pagid GmbH
- Robert Bosch GmbH
- Wabco Holdings Inc
- ZF Friedrichshafen AG
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.