Portland, OR -- (SBWIRE) -- 06/13/2017 -- 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. 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.

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The leading manufacturers operating in the market are 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., and Federal-Mogul Holdings Corporation. They have implemented various strategies, such as partnerships, expansions, mergers & acquisitions, joint ventures, and others in order to strengthen their position in the market.

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Brake System Key Market Segments:

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

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