This strategic assessment report, from Markntel Advisors, on Automotive Brake System Market provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, and more market dynamics. The report chapters analyze the industry in the most detailed manner in order to provide a panoramic view of the market.
Market Insights
The Global Automotive Brake System Market size was valued at USD 23.25 billion in 2023 and is estimated to grow at a CAGR of around 6.1% during the forecast period, i.e., 2024-30.
The report covers the market spread across
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific
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Market Dynamics
The report is compiled systematically and methodically, with each section neatly covering its essence and influence in the market. Likewise, the report provides a credible selection of market dynamics consisting of the following major pillars of the industry’s study.
- Market Drivers
- Market Restraints
- Growth Opportunities
- Challenges
- Market Trends
Global Automotive Brake System Market Challenge:
High Costs of Advanced Braking Technology Slows Down the Market Growth – Conventional braking systems are made up of brake pads, brake shoes & brake fluids, which are relatively low costs. However, automatic brake systems have sensors based on advanced technologies like integration with IoT that make the costs of these brakes significantly higher than the traditional brake systems. Moreover, these braking systems require frequent maintenance to ensure the smooth functioning of the vehicles. The maintenance involves regular lubrication & replacement of the brake fluids, which acts as an additional cost for the consumers. Based on the company website, the average repair of the sensors, a pivotal component of the automotive brake system, lies between USD150 to USD400. Therefore, the end-users refrain from purchasing automotive brake systems and tend to use vehicles with conventional brake systems. In addition, the repairing costs of these brake systems are also higher since the repairing includes the replacement of the expensive essential components, like drums & pads. Therefore, individuals rely on conventional braking systems rather than automotive brake systems, restraining the Global Automotive Brake System Market growth.
Significant Market Advancement
Along with the competitor’s analysis, the report also provides significant market developments, including joint initiatives, R&D, new product launches, new major product modifications, joint ventures, and connections between key market participants. The study includes the major companies
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Continental Ag
-Business Description
-Product Portfolio
-Strategic Alliances Or Partnerships
-Recent Developments
-Financial Details
-Others
Robert Bosch Gmbh
-Business Description
-Product Portfolio
-Strategic Alliances Or Partnerships
-Recent Developments
-Financial Details
-Others
Zf Friedrichshafen Ag
-Business Description
-Product Portfolio
-Strategic Alliances Or Partnerships
-Recent Developments
-Financial Details
-Others
Akebono Brake Industry Co., Ltd.
-Business Description
-Product Portfolio
-Strategic Alliances Or Partnerships
-Recent Developments
-Financial Details
-Others
Segmentation-Wise, Scope of The Market
The Automotive Brake System Market is diversely fragmented and spread across various bifurcations. The report aims to categorize and systematically present the data in an organized, easy-to-interpret format by dividing the bifurcations into segments. Each segment is then further presented with historical data, market growth, expansion, technological advancement, and other factors affecting it. The prediction of its future growth depends on current trends and further development. The industry segmentations bifurcate across the following segments:
By Brake Type
-Disc Brakes- Market Size & Forecast 2019-2030, (USD Million)
-Drum Brakes- Market Size & Forecast 2019-2030, (USD Million)
-Hydrostatic Brakes- Market Size & Forecast 2019-2030, (USD Million)
-Hydraulic Wet Brakes- Market Size & Forecast 2019-2030, (USD Million)
-Dynamic Brakes- Market Size & Forecast 2019-2030, (USD Million)
-Others- Market Size & Forecast 2019-2030, (USD Million)
By Technology
-Anti-lock Braking System (ABS)- Market Size & Forecast 2019-2030, (USD Million)
-Electronic Stability Control (ESC)- Market Size & Forecast 2019-2030, (USD Million)
-Traction Control System (TCS)- Market Size & Forecast 2019-2030, (USD Million)
-Electronic Brakeforce Distribution (EBD)- Market Size & Forecast 2019-2030, (USD Million)
-Automatic Emergency Braking (AEB)- Market Size & Forecast 2019-2030, (USD Million)
By Vehicle Type
-Passenger Cars- Market Size & Forecast 2019-2030, (USD Million)
-Light Commercial Vehicles- Market Size & Forecast 2019-2030, (USD Million)
-Trucks- Market Size & Forecast 2019-2030, (USD Million)
-Buses- Market Size & Forecast 2019-2030, (USD Million)
By Actuation Type
-Hydraulic- Market Size & Forecast 2019-2030, (USD Million)
-Pneumatic- Market Size & Forecast 2019-2030, (USD Million)
By Component
-Master Cylinders- Market Size & Forecast 2019-2030, (USD Million)
-Brake Pads- Market Size & Forecast 2019-2030, (USD Million)
-Brake Shoes- Market Size & Forecast 2019-2030, (USD Million)
-Brake Calipers- Market Size & Forecast 2019-2030, (USD Million)
-Brake Disc Rotors- Market Size & Forecast 2019-2030, (USD Million)
By Electric Vehicle Type
-Battery EVs- Market Size & Forecast 2019-2030, (USD Million)
-Plug-in Hybrid EVs- Market Size & Forecast 2019-2030, (USD Million)
By Application
-Agricultural Tractors- Market Size & Forecast 2019-2030, (USD Million)
-Construction Equipment- Market Size & Forecast 2019-2030, (USD Million)
-Mining Equipment- Market Size & Forecast 2019-2030, (USD Million)
Key Offerings:
- What is the current trajectory of cost and profit estimations in the Automotive Brake System Industry?
- How do factors like supply and consumption shape the landscape of the industry?
- In what ways do import and export considerations impact the dynamics of the Automotive Brake System Industry?
- Which technological advancements are anticipated to shape the future of the Automotive Brake System Market?
- Who are the noteworthy players highlighted in the Automotive Brake System Market research report?
- What are the anticipated USD valuations and the CAGR for the forecasted years?
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