Los Angeles, CA -- (SBWIRE) -- 02/15/2019 -- 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.

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 global Brake System market is valued at 10800 million US$ in 2018 is expected to reach 13600 million US$ by the end of 2025, growing at a CAGR of 3.0% during 2019-2025.

This report focuses on Brake System volume and value at global level, regional level and company level. From a global perspective, this report represents overall Brake System market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.

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At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.

The following manufacturers are covered:

ZF

Aisin

Akebono Brake Industry

CBI

Continental

Nissin Kogyo

Mando

APG

Knorr-Bremse

Wabco

XinYi

Shandong Aoyou

Segment by Regions

North America

Europe

China

Japan

Segment by Type

Disc brakes

Drum brakes

Segment by Application

Passenger Vehicle

Commercial Vehicle

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