Global Automotive Braking System Market 2017-2021

Overview of the global automotive braking system market

Research analysis on the global automotive braking system market identifies increasing demand for safety measures to reduce accidental injuries in the global automotive braking system market will be one of the major factors that will have a positive impact on the growth of the market. The rising number of road accidents in low level income countries has raised a demand for highly efficient vehicle safety systems. The automotive manufacturers are facing a high demand from government agencies for safer braking systems for the vehicles which has led to innovations and increased demand in the market. Technavio's market research analysts predict that in terms of units, this market will grow at a CAGR of almost 3% by 2021.

According to our automotive brake system industry report, APAC accounted for the highest share of the market during 2016. The rising sales in the automobile from developing countries such as like India and China. The Chinese market comprise of luxury cars such as Audi, Mercedes-Benz, and BMW, among others which will propel the demand for automotive braking system market.

Competitive landscape and key vendors

Owing to the presence of several global and local players, the automotive brake system market appears to be highly competitive. The rising transportation sector in terms of powertrain and electrification of components, will provide an opportunity to the vendors.       

The leading vendors in the market are -

• Bosch
• Continental
• ZF Friedrichshafen
• WABCO
• Brembo

The other prominent vendors in the market are DENSO, Bendix, Jiaozuo Brake, Nissin Brake, and Federal-Mogul Motorparts.                                                                

Segmentation by braking type and analysis of the automotive braking system market

• Disc brakes
• Drum brakes

During 2016, the disc brakes segment accounted for the major shares of this market. The evolution towards safer braking systems is happening due to the high safety regulation implemented by the governments, especially in terms of stopping distance. The improving technological developments, such as brake boosters and electro-mechanical hybrid systems will boost the market growth.

Segmentation by vehicles types and analysis of the automotive braking system market

• Passengers cars
• Commercial vehicles

The passenger cars accounts for the highest revenue share, during 2016. The increase in the disposable income among the population globally, which led to the improvements in people's living standards. With growing passenger car sales, passenger safety has become an important concern.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global automotive braking system market?
• What are the key market trends impacting the growth of the global automotive braking system market?
• What are the challenges to market growth?
• Who are the key vendors in the global automotive braking system market?
• What are the market opportunities and threats faced by the vendors in the global automotive braking system market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global automotive braking system market? 

Technavio also offers customization on reports based on specific client requirement.

Our market research analysis includes qualitative and quantitative research techniques like vendor analysis, drivers, challenges, and trend analysis. Additionally, an analysis of the market share and market size using statistical models is also carried out to help clients develop active growth strategies and keep pace with the frequently changing market landscape. This upcoming market research report on the global automotive braking system market also covers vendors like Knorr-Brems, Wabco Holdings, Inc, Aisin Seiki Co., Ltd, Robert Bosch GmbH, ?Continental, ZF Friedrichshafen AG, ?Shanghai Automotive brake systems, and TRW Automotive Holdings Corp. 

According to our market research experts, the boost in production of vehicles across the globe and implementation of government regulations on reducing the stopping distance may influence the demand for automotive braking systems in the coming years. To offer clients the scope to identify potential market opportunities and expand in niche markets, this report on the global automotive braking system market also covers geographies like APAC, EMEA, and the Americas. 

Our market research methodology for the automotive braking system market 

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.