Brakes are mechanical devices used for slowing or stopping a moving vehicle by applying pressure on the wheels.

Portland, OR -- (SBWire) -- 07/18/2017 --Brakes are mechanical devices used for slowing or stopping a moving vehicle by applying pressure on the wheels. Rising number of vehicles and advancements in the vehicle braking systems are the major driving forces for the global brake system market. Brake system consists of different components such as brake pads, brake shoes, rotor, piston brake drum, brake booster, and caliper. The growth in the automotive industry is anticipated to foster the market growth.

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Based on product type, the Brake System Market is segmented as disc brakes and drum brakes. According to application industry, it is categorized into two-wheeler motor vehicles, passenger car vehicles, and light commercial vehicles (LCV). By technology, it is classified as anti-lock braking system (ABS), traction control system (TCS), and electronic braking system (EBS). Geographic breakdown and deep analysis of each of the aforesaid segments is included for North America, Europe, Asia-Pacific, and LAMEA.

Market Dynamics:

Drivers:

Increasing vehicle production
Increasing government mandates for improving vehicle safety
Restraints:

Low penetration of advanced braking systems
High cost of Electronic brake systems (EBS)
Market Players:

The top players in the global brake system market include TRW Automotive Holdings Corp, Aisin-Seiki Co. Ltd, Continental AG, Akebono Brake Industry Co. Ltd, Brembo S.P.A., Halla Mando Corp, Nissin Kogyo Co, Ltd, Knorr-Bremse AG, Mando Corporation, and Continental AG.

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By Technology
Anti-lock braking system
Traction control system
Electronic braking system

By Geography
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA

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Table Of Contents:

1. Executive summary
1.1. Key findings
1.2. Market attractiveness and trend analysis
1.3. Competitive landscape and recent industry development analysis
2. Introduction
2.1. Report description
2.2. Scope and definitions
2.3. Research methodology
3. Market landscape
3.1. Growth drivers
3.1.1. Impact analysis
3.2. Restraints and challenges
3.2.1. Impact analysis
3.3. Porter's analysis
3.3.1. Bargaining power of buyers
3.3.2. Bargaining power of suppliers
3.3.3. Threat of substitutes
3.3.4. Industry rivalry
3.3.5. Threat of new entrants
3.4. Global brake system market shares analysis, 2014-2025
3.4.1. Global brake system market shares by product type, 2014-2025
3.4.2. Global brake system market shares by application, 2014-2025
3.4.3. Global brake system market shares by technology, 2014-2025
3.4.4. Global brake system market shares by geography, 2014-2025
4. Global brake system market by product type
4.1. Disc brake
4.1.1. Historical market size by region, 2014-2016
4.1.2. Market forecast by region, 2017-2025
4.2. Drum brake
4.2.1. Historical market size by region, 2014-2016
4.2.2. Market forecast by region, 2017-2025
5. Global brake system market by application
5.1. Two-wheeler motor vehicles
5.1.1. Historical market size by region, 2014-2016
5.1.2. Market forecast by region, 2017-2025