According to research study, the global automotive braking component market is expected to surpass US$ 101 Bn by 2026, expanding at a CAGR of more than 3% during the forecast period 2018 - 2026.
Albany, NY -- (SBWIRE) -- 07/13/2018 -- The global braking component market is projected to be driven by increase in demand for occupant safety. Rise in number of young consumers with preference for high-speed vehicles is boosting the demand for prompt and responsive brakes. Increase in demand for occupant safety among consumers is a primary driver of the automotive brake component market. Rise in demand for electric vehicles has created several opportunities for the brake component market.
Automotive Braking Component Market - Overview
This report analyzes and forecasts the automotive braking component market at the global and regional level. The market has been forecasted based on revenue (US$ Mn) and volume (Mn Units) from 2018 to 2026. The study highlights factors that can contract or expand the automotive braking component market globally and regionally. The report also highlights opportunities in the automotive braking component market.
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The report contains value chain analysis, which provides a comprehensive view of the global automotive braking component market. The Porter's Five Forces has also been included to help understand the competitive landscape in the automotive braking component market. The study encompasses market attractiveness analysis, wherein end-users are benchmarked based on market size, growth rate, and market attractiveness.
The study provides a decisive view of the global automotive braking component market by segmenting the market in terms of brake caliper, brake shoe, brake pad, brake line, rotor, sales channel, vehicle, and region. These segments have been analyzed based on present and future trends. Regional segmentation comprises current scenario along with forecast of the automotive braking component market. The forecast provided is based on the compilation of current trends and the expected scenario in future due to change in technological, geographical, political, and economic factors, such as the rapid expansion of the electric vehicle market. As brakes are an integral part of the vehicle and brake components are frequently changed in order to maintain the safety quotient of the vehicle. Maintenance of the brakes periodically and frequent replacement of parts is likely to boost the market during the forecast period.
The study includes profiles of major companies operating in the global automotive braking component market. The major share of the market is held by a few key players, and the rest is divided among small manufacturers. Major players operating in the global automotive braking component market include ZF Friedrichshafen AG, Brembo S.p.A, Continental AG, Robert Bosch GmbH, AISIN SEIKI, Borg Warner, WABCO, Hyundai Mobis, Hitachi Ltd., FTE Automotive, Fujitsu Ten Ltd., Nissin Kogya Co., Ltd., Brakes India, Federal Mogul LLC., Haldex Group, Hella Pagid GmbH, Sumitomo Riko Company Ltd., Hutchinson SA, Nisshinbo Brake Inc., TMD Friction Holdings GmbH, MAT Holdings, Inc., ASK Automotive Pvt. Ltd., BNA Automotive India Pvt. Ltd., AC Delco, Meritor, Inc., Mando Corporation, Knorr Bremse AG, ADVICS CO., LTD., and EXEDY Corporation. Market players have been profiled based on attributes such as company overview, financial overview, business strategies, and recent developments. The automotive braking component market is primarily driven by the rise in production of vehicles and stringent norms for road safety. All regions across the globe have safety norms that are likely to boost the market for different components of the brake.
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The report provides the size of the automotive braking component market for 2017 and forecast for the next eight years. The global market size has been provided in terms of revenue (US$ Mn) and volume (Million Units). Market figures have been estimated based on caliper, brake shoe, brake pad, brake line, brake rotor, sales channel, vehicle type, and regional segments of the automotive brake components market. Market size and forecast for each major segment have been provided in terms of global and regional, and country markets.
In-depth interviews and discussions were conducted with a number of key industry participants to compile the research report. Primary research represents bulk of research efforts, supplemented by extensive secondary research. Key players' product literature, annual reports, press releases, and relevant documents were reviewed for competitive analysis and market understanding. Secondary research includes recent trade, technical writing, internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach to obtain precise market data, capturing industry participants' insights, and recognize business opportunities.
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, statistical databases, market reports, news articles, press releases, and webcasts specific to companies operating in the market, American Automobile Association, European Automobile Manufacturers Association, Automotive Research Association of India, Organisation Internationale des Constructeurs d'Automobile (OICA), and Factiva.
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Primary research involves e-mail interactions and telephonic interviews for each market, category, segment, and sub-segment across geographies. Primary interviews were conducted on an ongoing basis with industry participants and commentators validate data and analysis. These interviews provide firsthand information on market size, market trends, growth trends, competitive landscape, and outlook, etc., which help validate and strengthen secondary research findings. These also help develop the analysis team's expertise and market understanding.
The automotive braking component market has been segmented as follows:
Global Automotive Braking Component Market, by Brake Caliper
Global Automotive Braking Component Market, by Brake Shoe
Global Automotive Braking Component Market, by Brake Line
Global Automotive Braking Component Market, by Brake Pad
Global Automotive Braking Component Market, by Brake Rotor Material
Global Automotive Braking Component Market, by Sales Channel
OEM (Original Equipment Manufacturer)
Global Automotive Braking Component Market, by Vehicle Type
Light Commercial Vehicles
Global Automotive Braking Component Market, by Region/ Sub-region/ Country
Rest of Latin America
Rest of Europe
Rest of Asia Pacific
Middle East & Africa
Rest of Middle East & Africa
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