New York, NY -- (SBWire) -- 11/27/2017 --Surging need for automotive fleet in road maintenance and repair activities, especially across developing economies, has led towards significant rise in replacement market & aftermarket sales for automotive brake valve suppliers. Growth of the automotive brake valves market has always been influenced directly by sales & production of vehicles across the globe.
Enormous investments are being made by research institution as well as automobile manufacturers in research and development activities associated with development of advanced brake valves. Their prime focus is enhancing the vehicle performance and catering to cost optimisation targets.
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In addition, integration of advanced vehicular configurations, sensors, composite materials, and control units into modern designs of braking systems have resulted into several developments in the automotive brake valves. For instance – Eaton Corporation Plc has introduced its new and high modular design of CLS Load Sense Sectional Mobile Valve, which offers functions such as load sense bleed-off, and pre- as well as post-compensated load sense relief.
Various advancements in braking systems have led toward development of advanced, effective, and efficient automotive brake valves. Some of these advancements include electronic stability control, anti-lock braking system (ABS), and dynamic stability control. While designing a vehicle, one of the primary concerns for automotive manufacturers is provision of braking systems which offer optimum efficiency.
Key market participants profiled by FMI's report include Knorr-Bremse AG, FUJI OOZX Inc., Federal-Mogul Holdings Corp., Denso Corporation, Continental AG, Mahle Group, Hitachi Ltd., FTE Automotive GmbH, Eaton Corporation Plc, and Delphi Automotive PLC.
A new study published by Future Market Insights (FMI) has projected the global automotive brake valve market to exhibit an impressive 5.1% CAGR during the forecast period (2017-2022). Global sales of automotive brake valves are estimated to surpass US$ 4,500 Mn in revenues by 2022-end.
Numerous innovations in automotive brake valves have been witnessed including improved service life of components, adoption of advanced materials, and advancements in chassis and drivetrain technologies. One of the major trends that is currently gaining popularity in the global automotive brake valve market is increasing focus on developing vehicle-specific brake valves.
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Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India.
Automotive Brake System and Components Market Expected to Reach US $92,500 Mn by 2027 End
Future Market Insights has announced the addition of the “Digital Breast Tomosynthesis (DBT) Equipment Market: Global Automotive Brake System And Components Market Expected to Reach US$ 92,500 Mn by 2027 end" report to their offering.