Automotive Brake Components Market is expected to witness growth from 2023 to 2028 with a CAGR of 6%. The market size, segment size, current situation, and development trends are among the primary subjects of the report. This study also covers market value analysis, cost chain structure and continues to provide important information on how dynamics are changing to produce market-improving elements.
The research includes a study of the elements that encourage market expansion. The competitive environment of the market is covered in the report. This offers a variety of factors that could have an impact on the market in the future. The study is based on historical growth statistics and current market trends. In-depth market segmentation, geographical research, and industry competition trends are all included. It looks at each particular growth trend and contribution to the market under study from a strategic standpoint.
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Scope of The Report -
- Describes the scope of the Automotive Brake Components Market and provides an industry overview, along with an executive summary of the various market segments classifications, market shares, and trends.
- Offers a qualitative analysis of the current market state and prospective tendencies. Rising markets, market drivers, market problems, industry entry barriers, and consumer preference studies, all are analyzed deeply.
- Examines the competitive environment by offering information on the participants, such as their sales volume, revenue, and market shares, as well as their prices and gross margins. Also provides details on market concentration ratio, mergers, acquisitions, and expansion strategies.
- Concentrates on the regional market, providing in-depth information on the world's most representative countries and regions.
- Offers market segment analysis for various products based on sales volume, revenue market share, and growth rate, as well as price analysis for each category.
- To enable readers to get a closer look at the downstream market, the data is broken down into many segments and includes consumption, revenue, market share, and growth rate.
- Provides a list of the major market participants, along with details on their history, product descriptions, market performance, latest advancements, SWOT analysis, etc.
- Covers key raw material suppliers and pricing analysis, manufacturing cost structure analysis, and alternative product analysis
- Readers have the opportunity to look into the future of the industry through the forecast information for both the overall market as well as the breakdown market.
The Dynamic of the Automotive Brake Components Industry -
Driving Factor: Governments of various countries worldwide are laying out strict regulations for automakers to include enhanced safety features in vehicles, owing to which technologies like ABS (Anti-lock Brake Systems), BA (Brake Assist), EBD (Electronic Brakeforce Distribution), & AEB (Advanced Emergency Braking) have gained traction in the past few years, in order to reduce road accidents. ABS provides enhanced vehicle stability & directional control and aids in minimizing stopping distance when hard brakes are applied.
On the other hand, BA is based on ABS technology & is used usually in combination with ABS to reduce the stopping distance by around 45%. Next is EBD, i.e., the extended version of ABS that helps distribute equal force to each wheel and offers benefits like improved traction, better stability, & enhanced braking efficiency. Hence, the burgeoning adoption of these technologies by automakers to comply with stringent government regulations is projected to drive the Global Automotive Brake Components Market during 2023-28.
Major Challenges: Repair & maintenance of an automotive braking system is expensive in general, which involves the replacement of brake fluid, brake shoes, brake pads, and resurfacing rotors, along with cleaning, adjusting, & lubricating other components. In another instance, the replacement of ABS, which involves sensors on each wheel, is highly expensive. Moreover, critical mechanisms, such as rotors, master cylinders, drums, calipers, & pads, among others, also incur high replacement costs.
Hence, these aspects are projected to hamper the global automotive brake components market in the coming years, especially in cost-sensitive countries, where the penetration of advanced braking systems is restricted mainly to high-end cars.
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Automotive Brake Components Market Segmentation and Regional Overview -
The report includes a comprehensive study that concentrates on the market segments and geographical growth of Automotive Brake Components Market. It assesses the market according to segments, regions, and manufacturers or firms, as well as the revenue share and sales of the major countries. The Automotive Brake Components Market is segmented as:
Segment, By Vehicle Type
- Medium and Heavy Commercial Vehicles
- Light Commercial Vehicles
- Passenger Cars
- Others
Segment, By Sales Channel
- OEMs
- Aftermarket
Segment, By Product Type
- Brake Caliper
-- Floating Caliper
-- Fixed Caliper
- Brake Pad
-- Metal
-- Ceramic
-- Organic
- Brake Rotor
- Brake Shoe
- Brake Line
The study also looks into the industry in light of geological conditions. In addition, the study identifies the variables affecting the growth of each region & segment.
By Regions –
- North America
- South America
- Europe
- Middle East
- Africa
- Asia-Pacific
Competitive Overview -
Information on new market entrants, presence, product installations and spots, product capabilities, company strengths and weaknesses, product launches, product dominance, and operation dominance are all covered in the report. To help readers better understand their competitors and the competitive environment in general, it introduces players in the market from the standpoint of market share, concentration ratio, etc. and goes into extensive detail on the leading companies in the market. Regional conflicts, mergers and acquisitions, and emerging market trends are also considered. The market participants discussed in the report are:
- Nisshinbo Holdings.
- Hitachi automotive Systems Limited.
- Akebono Brake Industry Co., Ltd.
- Continental AG
- Wabco holdings Inc.
- Robert Bosch GmbH
- Aisin Seiko Co. Ltd.
- Valeo SA
- Delphi Automotive Plc
- Federal Mogul Holdings Corporations
- Others
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