Scope of the Study
High importance of brake pads in automobile is driving the break blocks market. Break blocks are made of a rigid materials and act as a safety material for a vehicle. It helps in decelerating by creating the friction between itself and break discs. Block breaking is used mostly in railways, it is either used in combination with other systems or the only one. For instance, fright wagon uses single system and metro as well as intercity uses the combination.
The market study is being classified by Type (Disc brake and Drum brake), by Application (Passenger Vehicle, Commercial Vehicle and Motorcycle) and major geographies with country level break-up.
Bosch (Germany), Continental AG (Germany), ACDelco (United States), Akebono Brake Corporation (United States), Allied-Nippon Limited (India), Brakes India Pvt. Ltd. (India), Brakewel Automotive Components India Pvt. Ltd (India), G.U.D Holdings (South Africa), Hindustan Composites Limited (India) and Makino Auto Industries Pvt. Ltd. (India) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are MAT Holdings (United States) and Ferodo (United Kingdom).
Research Analyst at AMA predicts that India, Germany Vendors will contribute to the maximum growth of Global Brake Blocks market throughout the predicted period.
Segment Analysis
AdvanceMarketAnalytics has segmented the market of Global Brake Blocks market by Type, Application and Region.
On the basis of geography, the market of Brake Blocks 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.
Market Drivers
- Increasing Railway Network in Developing Economies
Restraints
- Stringent Government Regulations for Raw Material and Pad Manufacturing
- Rising Raw Material Prices may hamper the Market Growth
Opportunities
- Technological Advancements on Environment Friendly Breaking System
Challenges
- Malfunctioning of breaking system may cause unintended break action. This actions may damage the railway wheels which may cause the train to derail. This factor may affect the market of break blocks.
Market Leaders and their expansionary development strategies
In January 2018, Bosch has planned to acquire stake in HERE technologies. This acquisition helps HERE technology to be a global provider of data based real time location.
In September 2010 California department of toxic substances control has introduced senate bill which is restricting the use of products having copper and other substances.
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organizations, Government Agencies and Organizations
Customization in the Report Available:
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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