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
Brake System Market By Type
Brake System Market By Technology
Brake System Market By Rolling Stock & Locomotive
Brake System Market By Geography
-Rest of the World (RoW)
Key Market Players:
-ZF TRW Automotive Holdings Corporation
-Aisin Seiki Co. Ltd.
-Akebono Brake Industry Co. Ltd.
-Nissin Kogyo Co. Ltd.
-Federal-Mogul Holdings Corporation