“Automotive Brake Components Market Forecast, Trend Analysis, and Competition Tracking –Global Review 2018-2028”, is an extensive market study highlighting key insights on demand and sales of automotive brake components worldwide. The comprehensive study on automotive brake
components market offers unbiased information on segments that influence the growth of the automotive brake components market. The study includes historical data, current market scenario and future market projections for a period of 10 years, from 2018 till 2028. Additionally, key factors
impacting the growth in adoption of automotive brake components are also provided in the report.
Weight reduction has become a vital cog in the wheel across the braking system, mostly in the unspring area where it enhances handling and ride, carbon emission and fuel consumption. As such, brake manufacturers are continuously focusing on designs which lessen engineering costs and improve brake feel. At the time when the spotlight is on the environmental performance of vehicles, it has become imperative for brake components to offer a range of capabilities. Notably, replacement of traditional brake calipers with light-weight aluminum is one of the major trends driving the growth of automotive brake components market. From the standpoint of resource consumption and low energy, aluminum plays its monumental role through recyclability.
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The braking technology used in cars and light trucks have been influenced by growing traction towards electric and hybrid vehicles. Accordingly, trends such as autonomous driving, electrification, new mobility and light weighting have led the manufacturers to come up with braking-system-compatible-product. Besides, using the frictionless braking technology, Eddy Current Brakes have lessened the cyclic changing of automotive brake components.
Stakeholders are vying to leave no stones unturned by penetrating the emerging economies such as India and China. As such, automotive brake components’ manufacturers are inking deal to tap the Asian market for particular vehicle segments.
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Emerging Markets Reveal their Revenue Potential in the Automotive Brake Components Space
Significant opportunities can be grabbed in the emerging economies of Asia Pacific on the back of growing domestic automotive sector coupled with increasing investments in research and development and massive technological shift. Automotive brake components manufacturers are planning to tap new vehicle segments in emerging economies of China and India along with introduction of advanced automotive brake components to gain high margins. Stakeholders are focusing on penetrating these emerging lands to capture major revenue funnels offered by business-environment friendly countries.
New Labelling Initiative Mitigates Threats Posed by Counterfeit Products
Prevalence of counterfeit products in the automotive sector called for same regulations apropos to labelling standards of replacement automotive brake components as original brake components in a bid to ensure vehicle safety. This triggered the implementation of ECE R90 regulation that is applicable to vehicles sold across European Union along with 30 nations in Asia Pacific and Africa. ECE R90 has revised several mandates with regards to specific designs, performance and construction requirements for labelling for automotive brake components.
Automotive Brake Components Market: Competitive Landscape
The report on automotive brake components market offers a complete assessment on major companies involved in the manufacturing of automotive brake components. Moreover, various facets such as SWOT analysis, product portfolios, innovations in designs and developments, company mergers and alliances and key financials have been incorporated in the competitive landscape section of the report. Few of the major companies profiled in the report include Wabco Holdings Inc., Knorr Bremse AG, Mando Corporation, Aisin Seiki Co. Ltd., and Robert Bosch GmbH.
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