What is Automotive Brake Components Market?
Automotive brake is a mechanical device which inhibits motion of the vehicle by transmitting force from a driver’s foot to the car’s brakes. The brakes at that point transmit the power to the tires and street, where the friction back and stops the vehicle. Different brakes and brake pads have different advantages. These parts, need to think carefully of the actual driving conditions and find the most suitable ones. The automotive brake encompasses several components including, disc brakes, drum brakes, pedal, pushrod, master cylinder, valves and emergency and anti-lock brakes. The automotive brakes are an important element to measure the performance of the vehicle and to guarantee personal safety the demand for the brakes with advance technology is booming in the market.
Highlights from Automotive Brake Components Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Magneti Marelli S.p.A (Italy), ZF Friedrichshafen AG (Germany), Beringer Brakes (France), Brembo (Italy), Continental AG (Germany), EBC Brakes (United Kingdom), Delphi Automotive PLC (Ireland), Federal-Mogul Holdings (United States), Nissin Kogyo (Japan) and Robert Bosch (Germany) |
The Global Automotive High-Performance Brake System Market Has The Occurrence Of Many Companies And Is Characterized By Inventions In Terms Of Weight Reduction And Durability. Investments In The Advance Innovative Designs In Terms Of Weight Are Expected To Continue During The Forecast Period. The Cost Will Remain An Important Factor Of Consideration For Providers To Increase Broader Applications. Research Analyst at AMA predicts that Germany Vendors will contribute to the maximum growth of Global Automotive Brake Components market throughout the forecasted period.
Magneti Marelli S.p.A (Italy), ZF Friedrichshafen AG (Germany), Beringer Brakes (France), Brembo (Italy), Continental AG (Germany), EBC Brakes (United Kingdom), Delphi Automotive PLC (Ireland), Federal-Mogul Holdings (United States), Nissin Kogyo (Japan) and Robert Bosch (Germany) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Mando Corporation (South Korea), ProTec Friction Group (United States) and Champion Technologies, Inc. (United States). Automotive Brake Components Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Passenger Vehicles and Commercial Vehicles |
Type | Mechanical Brakes (Drum Brakes, Disc Brakes), Hydraulic Brakes and Power Brakes (Air Brakes, Vacuum brakes, others ) |
Brake Fluids | Glycol Based (Absorb Water ),Silicon Based (Doesn’t Absorb Water) |
Distribution Channel | Original Equipment Manufacturers (OEM),Aftermarket |
Brake Lining Material | Fully Metallic (Sintered Iron),Semi-Metallic (Iron Fibres),Non-Asbestos Lining Material (Synthetic Substance) |
Material | Organic,Metallic,Ceramic,Carbon |
Brake Components | Drum Brakes,Emergency brake,Pedal,Booster,Master Cylinder,Combo Valve,Disc Brakes,Lines |
Technologies | Anti-Lock Braking System (ABS),Electronic Stability Control (ESC),Traction Control System (TCS),Electronic Brake-Force Distribution (EBD) |
On the basis of geography, the market of Automotive Brake Components has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The trend for High-Performance Braking System Based On Adaptive Braking System
Market Growth Drivers:
The Increasing Sales of Luxury Cars Is One of the Key Factor of Driving the Adoption of Automotive Brake Components, Rising Number of Accidents Has Led To an Increase in Safety Features and Increasing Popularity of Auto Motive Racing In Developing Economies
Challenges:
Increasing Inter-Company Competitions of Manufacturer
Restraints:
The Failure in Brake System Can Result In a Fatal Vehicle Accident
Opportunities:
Passenger Car Is Important Market For Automotive Brakes And Offers Opportunities To The Manufacturers Of Automotive Brake Components and The Inclination of Manufacturers and There By OEM Providers Are Shifting Their Focus towards Developing Economies of the World
Key Target Audience
Automotive Brake Components Manufacturers, Raw Material Suppliers/Distributors, Automotive Industries, Potential Investors, Market Research and Consulting Firms and Others
Market Leaders & Development Strategies
For Instance, March 2020 Germany Based Company ZF Friedrichshafen Has Introduced Their New Invention In Automotive Brake Named As Integrated Brake Control (IBC). It Is Fully Electronic Brake Control And Regenerative System, This Brake Is Non-Vacuum, Integrated Electro-Hydraulic Brake. Moreover, It Also Having Cables, Sensors, Switches, and Controllers. It Covers Fuel Efficient Power Trains Without The Need For Supplemental Vacuum Pump.
" The Indian Government Has Made It Compulsory For All Cars And Mini-Buses To Install Anti-Lock Braking System (ABS) By April 2019. According To A Notice Of The Road Transport Ministry, All-New Models Of Such Automobiles Will Have To Comply With The Norms From April 2018 Onwards. Similarly, All New Vehicles Of The Existing Models Will Have To Mount The ABS From April 2019 Onwards."