Automotive Brake Systems Market Strategy Framework, Competitive Landscape, Vendor, Trends Till 2025
Automotive Brake Systems Market is predicted to reach USD 31.11 billion by 2025 owing to the increasing vehicle production due to the growing demand from consumers. Automotive brake systems are the technologies that combine brake controls and sensors to avoid high-speed road accidents
Automotive Brake Systems Market is predicted to reach USD 31.11 billion by 2025 owing to the increasing vehicle production due to the growing demand from consumers. Automotive brake systems are the technologies that combine brake controls and sensors to avoid high-speed road accidents
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Additionally, the rising governmental obligations concerning the improvement of vehicle safety is intensely<br />
contributing to the growth of market. However, the high cost of enhanced technology of EBS (Electronic <strong>Brake</strong><br />
<strong>Systems</strong>) as compared to the very common hydraulic brakes is a major obstacle in the growth of market.<br />
Currently, the automotive industry across globe has presented positive signs of recovery recently. Purchase of<br />
semi-luxury and luxury high performance vehicles has grown considerably in the past years. Consequently, the<br />
demand for the efficient brake system for vehicles like passenger cars, heavy & light commercial vehicles and<br />
the two-wheelers are continuously on the rise. This in turn is expected to contribute largely to the growth of<br />
automotive brake systems market in the forecast period.<br />
Global <strong>Automotive</strong> <strong>Brake</strong> System <strong>Market</strong> is classified on the basis of brake type, technology, application and<br />
geography. On the basis of brake type, market is segmented as drum brake and disc brake. Disc brake is<br />
predicted to dominate market owing to the increasing safety regulations by the government. On the basis of<br />
technology, the automotive brake system market is divided into ABS (Anti-lock Braking System), TCS (Traction<br />
Control System), ESC (Electronic Stability Control), and others. Traction control system is predicted to dominate<br />
automotive brake systems market in forecast period due to the increasing technology in the brake systems.<br />
Browse Full Research Report @<br />
https://www.millioninsights.com/industry-reports/automotive-brake-system-market<br />
Geographically, the automotive brake system industry can be segmented as North America, Asia Pacific, Europe,<br />
RoW (rest of the world). Asia Pacific is expected to hold larger share of the automotive brake systems market<br />
due to the growing demand for passenger cars and commercial vehicles from the emerging regions like China<br />
and India. In terms of revenue of the industry, China is predicted to dominate automotive brake systems market<br />
in near future followed by Japan, Europe and North America. The key players actively involved in the automotive<br />
brake systems market are Akebono <strong>Brake</strong> Industry Co., ZF Friedrichshafen AG, Aisin Seiki, Continental AG,<br />
Brembo SpA, Knorr-Bremse AG, Knorr-Bremse AG, Robert Bosch GmbH, Wabco Holdings Inc, and Mando<br />
Corporation.<br />
<strong>Market</strong> Segment:<br />
Type Outlook (Revenue, USD Million; 2014 - <strong>2025</strong>)<br />
• Disc <strong>Brake</strong><br />
• Drum <strong>Brake</strong><br />
Vehicle Type Outlook (Revenue, USD Million; 2014 - <strong>2025</strong>)<br />
• Passenger Cars<br />
• Commercial Vehicles
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