Global Market Research Report on Brake System Market 2017 is a professional and in-depth complete study on the current state of the Brake System worldwide.
Deerfield Beach, FL -- (SBWIRE) -- 07/19/2017 -- Latest industry research report on Brake System Market. Increasing vehicle production, rising safety concerns, and growing locomotive and rolling stock market fuels the growth of the market. However, low penetration of advanced braking systems in high-growth regions such as China and India are factors restraining the growth of the market. Introduction of by-wire technologies in brake system and regenerative braking system create opportunities for growth in the market.
Brake system is a mechanical, electronic or hydraulic device which uses friction or heat to stop or reduce the speed of a vehicle. It helps drivers to have better control over vehicle and avoid accidents.
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The advancement in brake system such as anti-lock braking system enables drivers to have better control by preventing lock-ups and skidding. Increasing cases of accidents and fatalities enforced governments to implement stringent safety regulations and reduce stopping distances. Technological advancements and innovations present new avenues in brake system.
The global brake system market is segmented based on application, type, technology, rolling stock & locomotive, and geography.
Brake System Market By Application
PC
LCV
HCV
Off-Highway
Wagon
RTV
Locomotive
Brake System Market By Type
Disc
Drum
Brake System Market By Technology
ABS
TCS
ESC
EBD
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Brake System Market By Rolling Stock & Locomotive
Air
EP
ECP
Others
Brake System Market By Geography
North America
Asia-Oceania
Europe
Rest of the World (RoW)
Key Market Players:
ZF TRW Automotive Holdings Corporation
Continental AG
Aisin Seiki Co. Ltd.
Akebono Brake Industry Co. Ltd.
Haldex AB
Knorr-Bremse AG
Nissin Kogyo Co. Ltd.
Mando Corporation
Brembo S.P.A.
Federal-Mogul Holdings Corporation