Precedence Research recently published a report on “Automotive Braking System Market (By Vehicle: Commercial Vehicles and Passenger Vehicles; By Part Type: Disc and Drum; By System Type: Pneumatic and Hydraulic; By Sales Channel: Aftermarket and OEM) – Global Market Size, Trends Analysis, Segment Forecasts, Regional Outlook 2020 – 2027”. Amid the COVID-19 crisis, The global automotive braking system market size is projected to reach USD 33.93 billion by 2027 from an estimated USD 22.35 billion in 2019, at a CAGR of 5.3% from 2020 – 2027.
The market revenue/volume with the help of widespread quantitative and qualitative insights, and forecasts of the market. This report presents breakdown of market into forthcoming and niche segments. Additionally, this research study gauges market revenue growth and its drift at global, regional, and country from 2016 to 2027. This research report evaluates automotive braking system market on a global and regional level. It offers thorough analysis of market status, growth and forecast of the global automotive braking system market for the period from 2016 to 2027. This research study offers historic data for years 2016 to 2019 along with a forecast from 2020 to 2027 based on value.
Brakes are among the significant parts of vehicles that are used to slow down the speed of the vehicle. Consequently, brakes are designed in such a way that efficiently reduces the speed of the vehicle without any ill effects such as sudden stopping.
There are different types of brakes available in the market that includes drum brakes and disc brakes. Disc brakesare manufactured using iron cast or ceramic-matrix & carbon-carbon composites and are attached to the rotating wheel. To stop the wheel, friction materials that are in the form of brake pads are pressed from both sides of the discs that create friction and eventually stopping or decelerating the wheel. Whereas, a drum brake is a traditional brake in which friction is created by the set of shoes or pads that are forced against a rotating drum-shaped vehicle part known as brake drum.
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Scope of the Study
This automotive braking system market report studies market dynamics, status and outlook especially in North America, Europe and Asia-Pacific, Latin America, Middle East and Africa. This research report offers scenario and forecast (revenue/volume), and categorizes market by players, type, application, and region. This report also studies global market prominence, competitive landscape, market share, growth rate market dynamics such as drivers, restraints and opportunities, and distributors and sales channel.
This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers competitive scenario which comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.
Growth Factors
The increased implementation of electronic components is one of the prime factors contributing for the market growth. Implementation of these electronic components has led to the development of technologies that are Electronic Stability Control (ESC), Traction Control System (TCS), Antilock Braking System (ABS), and Electronic Brake-Force Distribution (EBD). Adoption of these advanced technologiesalong with rising popularity of vehicle safety technologies among consumers presumed to escalate the market growth. Besides this, high cost of integration expected to restrict the widespread adoption of advanced braking systems. Hence, majority of such technologies are implemented solely in the luxury and premium vehicles.
Other than this, increasing stringency in the vehicle safety norms anticipated to propel the market growth in the coming years. Associations of automobile across the globe are working rigorously towardsthe improvement of vehicle safety. For example, in 2016, the National Highway Traffic Safety Administration (NHTSA) in the U.S. and Insurance Institute for Highway Safety (U.S.)together with 20 prominent vehicle manufacturers, have announced their plan to implement Automatic Emergency Braking (AEB) systems as a standard vehicle feature in all new passenger cars from September 2022. Similarly, the Ministry of Road Transport and Highway (MoRTH), India, in 2015, mandated the integration of ABS in all commercial vehicles. Thus, the market projected to grow at a steady rate over the analysis period.
Report Highlights
Regional Snapshots
The Asia Pacific dominated the global automotive braking system market and expected to retain its position during the forecast period. China is one of the biggest automotive marketplaces in the world. The rising chinese economy as well as increasing disposable income of people in China hassurged the demand for vehicles in the country. In addition, the low production cost has positively favored the growth of vehicle manufacturing in China. In the year 2018, China alone produced 27.8 million vehicles.
On the other side, Europe is one of the most advanced automotive hubs across the world. Component manufacturers are more inclined towards improved technology to gain a competitive edge along with increase their revenue generation. In addition, high export activities of automobiles and related components that include automotive braking systems expected to propel the market growth during the analysis period.
Key Players:
This report also provides detailed company profiles of the key market players. This research report also highlights the competitive landscape of the automotive braking system market and ranks noticeable companies as per their occurrence in diverse regions across globe and crucial developments initiated by them in the market space. This research study also tracks and evaluates competitive developments, such as collaborations, partnerships, and agreements, mergers and acquisitions; novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.
Some of the prominent players in the automotive braking system market include:
Segments Covered in the Report
By Vehicle
By Part Type
By System Type
By Sales Channel
By Regional Outlook
Key Points Covered in automotive braking system market Study:
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Automotive Braking System Market, By Vehicle
7.1. Automotive Braking System Market, by Vehicle Type, 2020-2027
7.1.1. Commercial Vehicles
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Passenger Vehicles
7.1.2.1. Market Revenue and Forecast (2016-2027)
Chapter 8. Global Automotive Braking System Market, By Part Type
8.1. Automotive Braking System Market, by Part Type, 2020-2027
8.1.1. Disc
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Drum
8.1.2.1. Market Revenue and Forecast (2016-2027)
Chapter 9. Global Automotive Braking System Market, By System Type
9.1. Automotive Braking System Market, by System Type, 2020-2027
9.1.1. Pneumatic
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. Hydraulic
9.1.2.1. Market Revenue and Forecast (2016-2027)
Chapter 10. Global Automotive Braking System Market, By Sales Channel
10.1. Automotive Braking System Market, by Sales Channel, 2020-2027
10.1.1. Aftermarket
10.1.1.1. Market Revenue and Forecast (2016-2027)
10.1.2. Original Equipment Manufacturer (OEM)
10.1.2.1. Market Revenue and Forecast (2016-2027)
Chapter 11. Global Automotive Braking System Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Vehicle (2016-2027)
11.1.2. Market Revenue and Forecast, by Part Type (2016-2027)
11.1.3. Market Revenue and Forecast, by System Type (2016-2027)
11.1.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
11.1.5. U.S.
11.1.5.1. Market Revenue and Forecast, by Vehicle (2016-2027)
11.1.5.2. Market Revenue and Forecast, by Part Type (2016-2027)
11.1.5.3. Market Revenue and Forecast, by System Type (2016-2027)
11.1.5.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
11.1.6. Rest of North America
11.1.6.1. Market Revenue and Forecast, by Vehicle (2016-2027)
11.1.6.2. Market Revenue and Forecast, by Part Type (2016-2027)
11.1.6.3. Market Revenue and Forecast, by System Type (2016-2027)
11.1.6.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Vehicle (2016-2027)
11.2.2. Market Revenue and Forecast, by Part Type (2016-2027)
11.2.3. Market Revenue and Forecast, by System Type (2016-2027)
11.2.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
11.2.5. UK
11.2.5.1. Market Revenue and Forecast, by Vehicle (2016-2027)
11.2.5.2. Market Revenue and Forecast, by Part Type (2016-2027)
11.2.5.3. Market Revenue and Forecast, by System Type (2016-2027)
11.2.5.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
11.2.6. Germany
11.2.6.1. Market Revenue and Forecast, by Vehicle (2016-2027)
11.2.6.2. Market Revenue and Forecast, by Part Type (2016-2027)
11.2.6.3. Market Revenue and Forecast, by System Type (2016-2027)
11.2.6.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
11.2.7. France
11.2.7.1. Market Revenue and Forecast, by Vehicle (2016-2027)
11.2.7.2. Market Revenue and Forecast, by Part Type (2016-2027)
11.2.7.3. Market Revenue and Forecast, by System Type (2016-2027)
11.2.7.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
11.2.8. Rest of Europe
11.2.8.1. Market Revenue and Forecast, by Vehicle (2016-2027)
11.2.8.2. Market Revenue and Forecast, by Part Type (2016-2027)
11.2.8.3. Market Revenue and Forecast, by System Type (2016-2027)
11.2.8.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Vehicle (2016-2027)
11.3.2. Market Revenue and Forecast, by Part Type (2016-2027)
11.3.3. Market Revenue and Forecast, by System Type (2016-2027)
11.3.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
11.3.5. India
11.3.5.1. Market Revenue and Forecast, by Vehicle (2016-2027)
11.3.5.2. Market Revenue and Forecast, by Part Type (2016-2027)
11.3.5.3. Market Revenue and Forecast, by System Type (2016-2027)
11.3.5.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
11.3.6. China
11.3.6.1. Market Revenue and Forecast, by Vehicle (2016-2027)
11.3.6.2. Market Revenue and Forecast, by Part Type (2016-2027)
11.3.6.3. Market Revenue and Forecast, by System Type (2016-2027)
11.3.6.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
11.3.7. Japan
11.3.7.1. Market Revenue and Forecast, by Vehicle (2016-2027)
11.3.7.2. Market Revenue and Forecast, by Part Type (2016-2027)
11.3.7.3. Market Revenue and Forecast, by System Type (2016-2027)
11.3.7.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
11.3.8. Rest of APAC
11.3.8.1. Market Revenue and Forecast, by Vehicle (2016-2027)
11.3.8.2. Market Revenue and Forecast, by Part Type (2016-2027)
11.3.8.3. Market Revenue and Forecast, by System Type (2016-2027)
11.3.8.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Vehicle (2016-2027)
11.4.2. Market Revenue and Forecast, by Part Type (2016-2027)
11.4.3. Market Revenue and Forecast, by System Type (2016-2027)
11.4.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
11.4.5. GCC
11.4.5.1. Market Revenue and Forecast, by Vehicle (2016-2027)
11.4.5.2. Market Revenue and Forecast, by Part Type (2016-2027)
11.4.5.3. Market Revenue and Forecast, by System Type (2016-2027)
11.4.5.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
11.4.6. North Africa
11.4.6.1. Market Revenue and Forecast, by Vehicle (2016-2027)
11.4.6.2. Market Revenue and Forecast, by Part Type (2016-2027)
11.4.6.3. Market Revenue and Forecast, by System Type (2016-2027)
11.4.6.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
11.4.7. South Africa
11.4.7.1. Market Revenue and Forecast, by Vehicle (2016-2027)
11.4.7.2. Market Revenue and Forecast, by Part Type (2016-2027)
11.4.7.3. Market Revenue and Forecast, by System Type (2016-2027)
11.4.7.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
11.4.8. Rest of MEA
11.4.8.1. Market Revenue and Forecast, by Vehicle (2016-2027)
11.4.8.2. Market Revenue and Forecast, by Part Type (2016-2027)
11.4.8.3. Market Revenue and Forecast, by System Type (2016-2027)
11.4.8.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Vehicle (2016-2027)
11.5.2. Market Revenue and Forecast, by Part Type (2016-2027)
11.5.3. Market Revenue and Forecast, by System Type (2016-2027)
11.5.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
11.5.5. Brazil
11.5.5.1. Market Revenue and Forecast, by Vehicle (2016-2027)
11.5.5.2. Market Revenue and Forecast, by Part Type (2016-2027)
11.5.5.3. Market Revenue and Forecast, by System Type (2016-2027)
11.5.5.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
11.5.6. Rest of LATAM
11.5.6.1. Market Revenue and Forecast, by Vehicle (2016-2027)
11.5.6.2. Market Revenue and Forecast, by Part Type (2016-2027)
11.5.6.3. Market Revenue and Forecast, by System Type (2016-2027)
11.5.6.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
Chapter 12. Company Profiles
12.1. ZF Friedrichshafen AG
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Akebono Brake Industry Co., Ltd.
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Continental AG
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Brembo S.p.A
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Robert Bosch GmbH
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. AISIN SEIKI
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Hyundai Mobis
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. WABCO
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Hitachi Ltd.
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
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