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

Portland, OR -- (SBWire) -- 08/16/2017 --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.

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.

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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)

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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.

MARKET LANDSCAPE
By Product Type
- Disc brake
- Drum brake

By Application
- Two wheeler motor vehicles
- Passenger car vehicles
- Light commercial vehicles

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

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
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
5.2. Passenger car vehicles