The Automotive Brake System Market was valued at USD 28.81 billion in 2020 and is expected to reach a value of USD 35.71 billion by 2027 registering a CAGR of 3% during the forecast period (2021- 2027).
Brakes are one of the most important parts of a vehicle, and without them, you cannot use your vehicle for travel. Brakes that serve to reduce vehicle speed should neither be too weak nor too efficient to avoid the adverse effects of sudden brakes. Brake types include disc brakes and drum brakes. Disc brakes are constructed of cast iron or carbon-carbon and ceramic-matrix composites and are attached to rotating wheels. To stop the wheel, friction material in the form of brake pads applies force to both sides of the disc, creating friction, which eventually slows or stops the wheel. A drum brake is a traditionally used brake in which friction is created by a set of pads or shoes that apply force to a rotating drum-shaped part known as a brake drum.
(Get 15% Discount on Buying this Report)
A full report of the Global Automotive Brake System Market is available at: https://www.orionmarketreports.com/automotive-brake-system-market/59496/
Market Segments
By Type
- Disc
- Drum
By Technology
- Antilock Braking System (ABS)
- Traction Control System (TCS)
- Electronic Stability Control (ESC)
- Electronic Brake Force Distribution (EBD)
By Vehicle Type
- Passenger ICE Vehicle
- Commercial ICE Vehicle
- Electric vehicle
Key Players
Several prominent companies actively involved in the automotive brake system market have been profiled in the report. They are Aisin Seiki, Akebono Brake Industry Co., Brembo SpA, Knorr-Bremse AG, Continental AG, Knorr-Bremse AG, Mando Corporation, Robert Bosch GmbH, Wabco Holdings Inc, and ZF Friedrichshafen AG.
Scope of the Report
The research study analyzes the global Automotive Brake System industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Automotive Brake System Market Report
1. What was the Automotive Brake System Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
2.; What will be the CAGR of the Automotive Brake System Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Automotive Brake System Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Automotive Brake System market.
- The market share of the global Automotive Brake System market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Automotive Brake System market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Automotive Brake System market.
About Us:
Orion Market Reports (OMR) endeavors to provide an exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and the most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.
Media Contact:
Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
