automotive-friction-brake-system-market
Published

August 2016

Global Automotive Friction Brake System Market - Analysis of Growth, Progress Trends and Challenges (2015 - 2020)

Purchase Report
$4250
Single user license
$4500
Team license
$8750
Corporate license

The global automotive friction brake systems market is poised to grow at a CAGR of 5.75% and is anticipated to touch USD XX billion by the end of 2020. The Asia-Pacific region contributed to a market share of over 25%, followed by North America and Europe with a market share of XX% and XX% in 2015 respectively. With the NHTSA report stating that 40% of global car accidents are due to the crashing of braking systems, OEM's and aftermarket manufacturers are coming up with safer innovations such as sensor assisted brakes.

The braking system is used to control and stop the vehicle’s speed to avoid accidents. Disc brakes and drum brakes, employed in most of the automobiles, are classified under the friction braking system. The functionality of disc brakes is observed from the friction exerted on the propelling disc by the brake pads, while that of drum brakes is observed by the rubbing of brake shoes on the inner surface of the drum. The application of ceramic brake pads offers high-temperature resistance, less weight and improved performance of the brakes.

Growing consumer emphasis on safety, focus on preventive maintenance and stringency in the safety norms are the factors driving the growth of the market. Increasing life of automobiles due to the postponement of new vehicle purchase by the majority of the customers in developing nations creates a global demand for the brake systems market. The longer replacement cycle and an increase in number of miles travelled by vehicles generate opportunities in the aftermarket segment as well.

The global automotive friction brake systems market is segmented by product type (Disc, Drum), vehicle type (passenger cars, LCV, HCV), sales channel (OEM’s, Aftermarket),brake pad material type (semi-metallic, metallic and ceramic) and geography (North America, South America, Asia-Pacific, Europe and Africa & Middle East).

Some of the key players in the market are:

  • Akebono Braking Industry Corporation
  • Brembo Brakes
  • Continental AG
  • Delphi

What the Report Offers

  • Market analysis for the automotive friction brake systems market, with region specific assessments and competition analysis on the global and regional scale.
  • Market definition along with the identification of key drivers and restraints.
  • Identification of factors instrumental in changing the market scenario and rising prospective opportunities, along with the identification of key companies that can influence this market on a global and regional scale.
  • Extensively researched competitive landscape section with profiles of major companies along with their market share.
  • Identification and analysis of the macro and micro factors that affect the market on both global and regional scale.
  • A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
  • A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
  • Insights on the major countries/regions where this industry is blooming and to also identify the regions that are still untapped.
RELATED REPORTS
No related reports available.
Purchase Report
$4250
Single user license
$4500
Team license
$8750
Corporate license
Our Clients Include View All

Looking to Customize Report?