Automotive Brake Wheel Cylinder Market by Vehicle Type and Geography - Forecast and Analysis 2019-2023

The global automotive brake wheel cylinder market size has the potential to grow by USD 94.33 million during 2019-2023, and the market’s growth momentum will accelerate throughout the forecast period.

This report provides a detailed analysis of the market by geography (APAC, Europe, MEA, North America, and South America) and vehicle type (passenger cars and commercial vehicles). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Aisin Seiki Co. Ltd., Akebono Brake Industry Co. Ltd., Continental AG, Delphi Automotive Plc, Endurance Technologies Ltd., Hella GmbH & Co. KGaA, Robert Bosch GmbH, Tenneco Inc., Valeo SA, and ZF Friedrichshafen AG.

Market Overview

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Market Competitive Analysis

The market is concentrated, and the degree of concentration will increase during the forecast period. Market vendors are adopting advanced technologies such as additive manufacturing technologies to develop advanced, lightweight, and cost-effective products. Aisin Seiki Co. Ltd., Akebono Brake Industry Co. Ltd., and Continental AG are some of the major market participants. Though the accelerating growth momentum will offer immense growth opportunities, the decrease in the sales and production of vehicles globally will challenge the growth of the market participants. To make the most of the increasing automotive brake wheel cylinder market size, companies should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this automotive brake wheel cylinder market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. Moreover, this automotive brake wheel cylinder market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading automotive brake wheel cylinder manufacturers, including:

• Aisin Seiki Co. Ltd.
• Akebono Brake Industry Co. Ltd.
• Continental AG
• Delphi Automotive Plc
• Endurance Technologies Ltd.
• Hella GmbH & Co. KGaA
• Robert Bosch GmbH
• Tenneco Inc.
• Valeo SA
• ZF Friedrichshafen AG

Automotive Brake Wheel Cylinder Market: Segmentation by Region

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APAC is one of the largest markets for automotive brake wheel cylinders. The stable socioeconomic conditions in APAC countries has boosted the growth of the regional automotive industry. With vehicle manufacturers continuing to provide drum brakes in rear wheels in some of their variants, the demand for automotive brake wheel cylinder is also expected to grow in the APAC region.

Almost 57% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for automotive brake wheel cylinders in APAC. Market growth in this region will be faster than the growth of the market in Europe and North America.

Automotive Brake Wheel Cylinder Market: Segmentation by Vehicle Type

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The growing demand for SUVs across the world will be a significant factor contributing to automotive brake wheel cylinder market growth in the passenger cars segment. The increasing vehicle miles traveled by passenger cars will also be a significant factor driving the demand for aftermarket brake wheel cylinders during the forecast period.

However, market growth in this segment will be slower than the growth of the market in the commercial vehicles segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive brake wheel cylinder market size.

Automotive Brake Wheel Cylinder Market: Key Drivers and Trends

The increasing adoption of SUVs will be a significant factor driving the growth of the automotive brake wheel cylinder market size. Consumers prefer SUVs because of their high comfort and safety level, off-road capabilities, and higher seating capacity. The introduction of low-cost compact and mini SUVs has further boosted the demand for SUVs across the world. The rear wheels of SUVs are generally installed with drum brakes as lower braking effort is required at the rear wheels because of the shift of the vehicle weight at the front wheels. The use of drum brakes in the rear wheels of SUVs also helps manufacturers in reducing the overall cost of the vehicle. With the growing demand for SUVs, the demand for automotive brake cylinders is also expected to increase during the forecast period.

• The emergence of EPBs will be one of the critical automotive brake wheel cylinder market trends contributing to market growth.
• Vehicle manufacturers are increasingly replacing conventional mechanical parking brakes with EPBs and electro-mechanical parking brakes to enhance the safety and comfort of vehicles.
• The electronic control unit (ECU) and actuator mechanism in EPBs help in releasing the brakes as soon as the driver presses the accelerator pedal, thereby minimizing regular wear and tear of braking components.
• EPBs also facilitate the effective implementation of hill-start assist technology in vehicles.
• Moreover, EPBs eliminate the need for hand brake levers, thereby providing vehicle manufacturers more freedom to design vehicle interiors.
• With governing bodies mandating the use of advanced safety technologies, such as electronic stability control in vehicles, the demand for EPBs will also grow.
• This increasing adoption of EPBs is expected to create several growth opportunities for automotive brake wheel cylinder manufacturers throughout the next five years.  
• During 2019-2023, the automotive brake wheel cylinder market size will grow at a CAGR of almost 3%.

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Automotive Brake Wheel Cylinder Market: Key Highlights of the Report for the Forecast Period 2019-2023

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will accelerate the growth of the automotive brake wheel cylinder market during the next five years
• Precise estimation of the global automotive brake wheel cylinder market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the automotive brake wheel cylinder industry across the APAC, Europe, MEA, North America, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of automotive brake wheel cylinder manufacturers

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