The study is given to the analysis of the latest growth trends and prospects for the Automotive Braking System market.
The section “Automotive Braking System Market” includes an examination of the situation in major sections of the Automotive Braking System market. The markets in European Union countries are examined in more detail, giving a timeline of financial results reported by major 3PL providers in 2017.
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The demand for automotive braking system is majorly driven by the rise in the number of on-road vehicles. Introduction of electronics into automatic braking system has made the conventional braking systems safer, stabilized and cost effective in long term. Features such as antilock braking system, and electronic stability control are incorporated in automotive braking system, making them more reliable and safer. Subsequently, electronic braking system has observed profound adoption in automobiles around the world. Another major factor fueling the market growth is safety regulation enforced by the national governments across different countries.
Automotive braking system is segmented according to types, mode of operation, technology and vehicle class. According to type, brakes are classified into disk brake and drum brake. As of 2015, disk brake system segments outrun the drum type braking system segment in the overall automotive braking system market. Disk brakes are efficient and quick to response; consequently, they are now being applied in nearly all of the automotive vehicles. Further, automotive braking systems are segmented, on the basis of mode of operation, as hydraulic brake and pneumatic brake according to applying medium. Due to extensive use in passenger cars, light commercial vehicles and two wheelers, hydraulic braking system acquires the majority of market share compared to pneumatic braking system market.
Automotive braking system market is further segmented based on technology into antilock braking system, electronic stability control and regenerative braking system. Antilock braking system is the most widely used technology in nascent times. Being relatively new technology than antilock braking system, electronic stability control system follows antilock braking system in the overall automotive braking market. Depending upon the vehicle class, braking system is segmented into passenger cars, light commercial vehicles, heavy commercial vehicles and two wheelers. Passenger cars and two wheelers segments jointly dominates the overall automotive braking system markets. Heavy commercial vehicles market is expected to grow consistently during the forecast.
Automotive braking system market is quite competitive in nature with several multinational companies facing remarkable competition from regional manufacturers. The international players such as Continental AG, Robert Bosch GmbH, ZF TRW, Akebono Brake Industry Co. Ltd., Halla Mando Corp. and others are striving continuously to expand their reach to the customers and increase their sales. Manufacturers are developing technologies such as antilock braking system (ABS), electronic stability control (ESC), regenerative braking and others for making automotive braking more efficient, reliable and safer.
“Automotive Braking System Market” is a new report by us that explains how companies’ acquisition expenditures, media spend, business strategies, marketing and sales strategies and practices, and business plan are set to change in 2017-2018. This paper gives you access to the category-level spending forecasts, business challenges, budgets, supplier selection criteria, the current size of the marketing and promotion budgets and investment opportunities for senior-level officials. The report also identifies the expected growth of buyers and suppliers, capital expenditure, staff hiring, M and A, and e-procurement. This report not only gives access to the views and strategies of business decision makers and rivals but also examines their actions circling business priorities. The report also provides access to information categorized by company type and sizes, region,
Introduction and Landscape
Why was the report written?
This report is the result of an extensive survey drawn from Our Research’s elite panel of leading global senior level executives from enterprises such as such as medical devices, mining, packaging, power, oil, and gas, food and beverage, airports and pharmaceutical. The report covers key topics such as appropriation behaviors and strategies, the current size of the marketing and advertising budgets. Besides the report also recognizes the threats and possibilities, economic outlook trends, media channel spending outlooks, M and A expectations, marketing agency selection models, media budgets, business challenges and confidence among senior-level executives across various industries. Most secondary research papers are based on general industry drivers and do not understand the industry officials’ attitude and changing behaviors, creating a gap in showing the business opportunity of the industry. In an effort to bridge this gap, Our Research created this primary-research based report by selecting the opinions of various stakeholders in the value-chain of the industry
This report offers:
- Analysis of several products, and regions that would provide the clear understanding of the ongoing and future trends in the global Automotive Braking System market
- Assessment of market dynamics such as drivers, restraints, and opportunities prevalent in the market
- Quantitative assessment of the current market size and future estimations for the period from 2016 to 2026, along with CAGRs for the period from 2018 to 2026
- Company profiles that will highlight key information about the imperative players operating in the global Automotive Braking System devices market
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