What is Automotive Brake Technology Market?
The breaking system generates kinetic friction between brakes and disk and static friction between tires and roads which slows down the vehicle. When both the breaks are applied the weight is transferred to front wheels. There are different types of breaking systems which are drum, disk and ABS. However, the hydraulic systems uses the brake oil for transferring the pressure from the paddle to the pads. The dual circuit breaking systems are used in four wheeler vehicles as one circuit acts on both the front wheels and second on rear wheel. Since, market of breaking system is dependent on the automobile sector, there is high demand in Automotive breaking system.
Highlights from Automotive Brake Technology Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | TMD Friction Group S.A. (Germany), Federal-Mogul Corporation (United States), Akebono Industry Co. Ltd (Japan), Haldex (Sweden), Brembo S.P.A. (Italy), Continental AG (Germany), Nissin Kogyo Co. Ltd (Japan), Meritor Inc. (United States), Knorr-Bremse AG (Germany) and Hyundai Mobis Co. Ltd (South Korea) |
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Automotive Brake Technology market throughout the forecasted period.
TMD Friction Group S.A. (Germany), Federal-Mogul Corporation (United States), Akebono Industry Co. Ltd (Japan), Haldex (Sweden), Brembo S.P.A. (Italy), Continental AG (Germany), Nissin Kogyo Co. Ltd (Japan), Meritor Inc. (United States), Knorr-Bremse AG (Germany) and Hyundai Mobis Co. Ltd (South Korea) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Automotive Components Europe S.A. (Luxembourg), TRW Automotive Holdings Corp. (United States), Sundaram Brake Linings Limited (India) and Robert Bosch GMBH (Germany). Automotive Brake Technology Market Segmentation:
Scope | Sub-Segments |
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Type | Anti-lock Braking System (ABS), Traction Control System (TCS) and Electronic Stability Control (ESC) |
Brake type | Disk brake,Drum brake |
Distribution | Original Equipment Manufacturers (OEM),Aftermarket |
Vehicle type | Passenger cars,Commercial vehicles |
Material | Organic,Metallic,Ceramic |
On the basis of geography, the market of Automotive Brake Technology 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:
Advancements in Technology of Breaking Systems and Increasing Adoption of Anti-Lock Braking System
Market Growth Drivers:
Increasing Demand of Commercial Vehicles is Fueling the Market Growth and Lower Production Costs for Automotive Breaking Systems
Challenges:
Stiff Competition among the Players
Restraints:
High Prices of Magnetic Breaking Systems and Electric Breaking Systems and Short Life of Brake Pads May Hamper the Market Growth
Opportunities:
Rising Disposable Income in Developing Economies and Government Initiatives to Improve the Vehicle Safety
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations
Market Leaders & Development Strategies
In July 2019, Meritor has acquired AxleTech. This acquisition will help in diversifying the portfolio and advances the growth strategy.
In December 2018, Yamaha has launched Unified breaking system. It provides partial application of front brakes when rear brakes are applied.