Automotive Friction Brake System Market Analysis and Forecast by Product Type (Disc Brake), Vehicle Type (Passenger Cars), Sales Channel (OEM’s) and Region–2022
Due to growth of Automotive Industry particularly in developing economies of the world, Friction Brake System Market for Automotive is expected to witness substantial growth over the forecast period. Furthermore, increasing concerns over safety forced the government mandates to improve the vehicle safety as a result of which the demand is expected to be driven. Passenger Car and Commercial Vehicles are expected to lead the growth of automotive friction brake market. The North America is expected to dominate the market by Region. The segment accounted for approximately 60% market share in the Global Automotive Friction Brake System Market.
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• Akebono Braking Industry Corporation,
• Brembo S.P.A,
• Continental AG,
• Delphi Automotive PLC,
• TRW Automotive Holdings Corp.,
• Aisin-Seiki Co. Ltd.,
• Federal-Mogul Corporation,
• Robert Bosch GmbH,
• Halla Mando Corporation,
• Haldex AB
Taste the market data and market information presented through more than 50 market data tables and figures spread over 100 Numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Automotive Friction Brake System Market– Forecast to 2022”
• The market is highly application based. Automotive Friction Brake System Market has witnessed considerable growth in countries such as China, India, and Brazil, owing to upcoming emission norms. Due to the increased vehicle production and lifespan of vehicles, the demand for brake friction products is growing.
• On the basis of Region, North America is estimated to be the fastest growing Automotive Friction Brake System Market. The U.S is the main contributor to the Friction Brake System Market for Automotive. While nations like China and India in the long run are expected to show strong increasing production volumes.
• On the basis of Vehicle, Passenger Car has the largest market share. Growth in R&D to improve vehicle safety coupled with government initiatives regulating standards for automobile safety is expected to propel demand over the forecasted period.
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Scope of the report
This study provides an overview of The Global Automotive Friction Brake System Industry, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, South America and Middle-East and Africa. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Global Automotive Friction Brake System. On the basis of Product it is segmented as Disc and Drum Brakes. On the basis of Region it is segmented as North America, Europe, South America, APAC and Middle-East and Africa. On the basis of Vehicle, it is classified as Passenger car, LCV and HCV. Whereas OEM’s and Aftermarkets are the sub-segments of Sales channel.
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Source: EIN Presswire