Global Brake Systems Market Overview:
Brake is a mechanical device that is used to inhibits motion. These are the most important feature in an automobile. One of the most popular brake systems is hydraulics brake, as they use liquid under pressure to transfer force or motion or to increase an applied force or to apply a break. The two important breaks that are applied in automobiles are drum brakes and disc brakes. The rising trend of automotive brake systems have gained much fame in recent time hence increasing the rise for safe and secure braking system in automobiles industry.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Adoption of Automotive brake systems in every automobile is one of the greatest trends in these breaking system
Market Growth Drivers:
The increasing number of road accidents across the globe, Rising Stringent Rules for Automotive Active Safety Regulations and Increasing Sales of Commercial Vehicles in both Developed and Developing Countries
Challenges:
Issue Related Towards the Fluid used with Brake Material and Concern Towards the Leakage of Braking fluid, Which will Result in Brake Failure
Restraints:
High Development Cost of Electronic Brake Systems and Less Life of Breaking Pads can Hamper the Market Sometimes
Opportunities:
Rising Governments and International Organizations Stringent Safety Norms, Thereby, Leading to Braking Companies to Developing Advanced Braking Technologies, such as the Anti-Lock Braking System (ABS) and Growth of Electric and Hybrid Vehicles is Expected to Lead to an Increase in Demand for the Brake-by-Wire System
Competitive Landscape:
Some of the key players profiled in the report are Aisin Seiki Co, Ltd. (Japan), Akebono Brake Industry Co., Ltd. (Japan), Autoliv, Inc. (Sweden), Robert Bosch GmbH (Germany), Volkswagen AG (Germany), BMW Group (Germany), Daimler AG (Germany), Continental AG (Germany), Delphi Automotive PLC (Ireland) and Federal-Mogul Holdings Corp (United States). Additionally, following companies can also be profiled that are part of our coverage like Knorr-Bremse AG (Germany), Wabco Holdings, Inc. (United States), Mando Corporation (South Korea), Nissin Kogyo Co., Ltd (Japan) and ZF Friedrichshafen AG (Germany). Analyst at AMA Research see Germany Vendors to retain maximum share of Global Brake Systems market by 2028. Considering Market by Technology Type, the sub-segment i.e. Anti-Lock Braking System (ABS) will boost the Brake Systems market.
Latest Market Insights:
In January 2022, Green Mobility Holding, a consortium of bidders consisting of Volkswagen Group, Attestor Limited, and Pon Holdings B.V., today reaffirmed its continued commitment to Europcar Mobility Group's offer to acquire shares. Green Mobility Holding continues to make good progress towards its intended acquisition of Europcar Mobility Group.
In December 2018, Yamaha has launched the Unified Breaking System. The new Unified Braking System (UBS) has a braking concept from Yamaha that supports the partial application of the front brake simultaneously when the rear brake is applied completely. The UBS enabled motorcycles from Yamaha will now have improved braking controls due to the intensification of braking force with the help of the new technology.
What Can be Explored with the Brake Systems Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Brake Systems Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Brake Systems
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Brake Systems market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Brake Systems market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Brake Systems Manufacturing, Brake Systems Distributors, Automobiles System, Potential Investors and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.