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A typical automotive brake system or braking system comprises of a brake device having different components, which are used for slowing or stopping down a vehicle. More precisely, these devices decrease or stop the speed of a moving or rotating body by absorbing kinetic energy mechanically or electrically.
Scope of the Report:
Brake market is segmented on the basis of product into disc brake and drum brake. Disc brake uses a pair of calipers to squeeze against a disc to create friction that reduces the speed of the vehicle in motion whereas the drum brake is a brake in which brake shoe presses against the inside of a drum on the wheels. Disc brakes are preferred in commercial vehicles only in Europe. Elsewhere, Disc brakes are used in passenger vehicles.
Automotive brake system market is expected to witness substantial growth over the forecast period on account of growing automotive industry particularly in developing economies of the world. Furthermore, increasing concerns over safety resulting in government mandates to improve the vehicle safety is expected to drive demand over the next seven years. Growth in the automotive brake industry would primarily be led by the passenger car segment and commercial vehicle segment.
The worldwide market for Brake System is expected to grow at a CAGR of roughly 3.1% over the next five years, will reach 13000 million US$ in 2024, from 10800 million US$ in 2019, according to a new GIR (Global Info Research) study.
This report focuses on the Brake System in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Market Segment by Manufacturers, this report covers
- ZF
- Aisin
- Akebono Brake Industry
- CBI
- Continental
- Nissin Kogyo
- Mando
- APG
- Knorr-Bremse
- Wabco
- XinYi
- Shandong Aoyou
Market Segment by Regions, regional analysis covers
- North America (United States, Canada and Mexico)
- Europe (Germany, France, UK, Russia and Italy)
- Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
- South America (Brazil, Argentina, Colombia etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
- Disc brakes
- Drum brakes
Market Segment by Applications, can be divided into
- Passenger Vehicle
- Commercial Vehicle
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Brake System product scope, market overview, market opportunities, market driving force and market risks.
Chapter 2, to profile the top manufacturers of Brake System, with price, sales, revenue and global market share of Brake System in 2017 and 2018.
Chapter 3, the Brake System competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Brake System breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2014 to 2019.
Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2014 to 2019.
Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2014 to 2019.
Chapter 12, Brake System market forecast, by regions, type and application, with sales and revenue, from 2019 to 2024.
Chapter 13, 14 and 15, to describe Brake System sales channel, distributors, customers, research findings and conclusion, appendix and data source.