ID: MRFR/AM/1595-HCR | February 2021 | Region: Global | 100 pages
The report for Global Automotive Friction Brake System Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Regional Analysis of Global Automotive Friction Brake System Market Global Automotive Friction Brake System Market is expected to reach USD XX billion by 2022. North-America accounts for the largest share in the Global Automotive Friction Brake System market in 2015 mainly due to the established automotive manufacturers present in this region. Asia-Pacific region is expected to grow at a faster pace than the Europe and North America during the forecast period due to the favorable government initiatives and increased investment in the automotive industry.
Key Players Akebono Braking Industry Corporation, Brembo S.P.A, Continental AG, Delphi Automotive PLC, TRW Automotive Holdings Corp., Aisin-Seiki Co. Ltd., Federal-Mogul Corporation, Robert Bosch GmbH, Halla Mando Corporation, Haldex AB are some of the leading players operating in this market.
The braking system is used to control and stop the vehicle’s speed to avoid accidents. Disc brakes and drum brakes are two types of friction brakes employed in most automobiles. The key factors driving the automotive friction brake system include: Growing consumer emphasis on safety, focus on preventive maintenance and stringency in the safety norms. Increase in the lifespan of automobiles due to delay of new vehicle purchase by the majority of customers in the developing economies has boosted the growth of automotive friction brake system market.
Automotive Friction Brake System Market is poised to grow at a CAGR of XX % and is estimated to touch USD XX billion by the end of 2022.
Study objectives of Global Automotive Friction Brake System Market
|Market Size||2027: Significant Value|
|CAGR||Substantial CAGR (2020-2027)|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||by Product Type, Vehicle Type, Sales Channel|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Brembo S.P.A, Continental AG, Delphi Automotive PLC, TRW Automotive Holdings Corp., Aisin-Seiki Co. Ltd., Federal-Mogul Corporation, Robert Bosch GmbH, Halla Mando Corporation, Haldex AB|
|Key Market Opportunities||
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
The market’s growth is entitled for the year 2022.
North America, Europe, APAC, and Africa & Middle-East are the key regions included in the market’s study.
Brembo S.P.A, Akebono Braking Industry Corporation, Continental AG are the key players of the market mentioned in the study.
by Product, by Vehicle, by sales channel
North-America region is to account the largest share in the Global Automotive Friction Brake System market.