Automotive Brake System Market Worth $31,662.82 Million by 2019
16 Dec, 2014, 08:30 GMT
DALLAS, December 16, 2014 /PRNewswire/ --
The report "Automotive Brake System Market by Vehicle Type (Passenger car, LCV, & HCV), Brake Type (Disc & Drum), EBS Market by Technology (ABS, TCS & ESC), Region and Two Wheeler Brakes - Global Industry Trends & Forecast to 2019", published by MarketsandMarkets, classifies and defines the Automotive Brake System Market in terms of value and volume. The report highlights potential growth opportunities for the Automotive Brake System Market in the forthcoming years, and also includes a review of market drivers, restraints, opportunities, challenges, competitive landscape, and other key aspects related to the Automotive Brake System Market.
Browse 77 market data tables and 79 figures spread through 220 pages and in-depth TOC on "Automotive Brake System Market - Global Industry Trends & Forecast to 2019".
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Asia-Oceania: Largest Market for Automotive Brakes
The key countries in the Asia-Oceania region include China, Japan, India, and South Korea. This region is estimated to be the largest market for Automotive Brakes as it accounts for the largest share of passenger cars as well as commercial vehicles, with gradual increase in demand for the same. According to the study, Asia-Oceania is projected to hold the largest share-approximately 51%-of the brake system market in 2019. China is likely to be the major revenue contributor in this region. Key players such as TRW Automotive Holdings Corp. (U.S.), Continental AG (Germany), Aisin-Seiki Co. Ltd. (Japan), Akebono Brake Industry Co. Ltd. (Japan), Halla Mando Corp. (South Korea) has their presence in this region.
Electronically Assisted Brakes: Enhanced Vehicle Safety
Electronically assisted brake technologies such as ABS, TCS, nad ESP work in conjunction with the conventional brake systems in order to provide assistance and to ensure better braking, control, and in some cases, proactively help in avoiding collisions and accidents. The various advancements in vehicle technologies, coupled with norms and regulations have led to the advent of these technologies. The market for electronically assisted brakes is estimated to show promising growth. Vehicle manufacturers are considering the integrating this technologies in their vehicle fleets including entry level models, in order to increase safety and to adhere to vehicle and occupant safety regulations.
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This report illustrates the Automotive Brake System Market in terms of both volume and value. The market size in terms of value from 2012 to 2019 is provided in terms of USD million ($Million), whereas the market size in terms of volume from 2012 to 2019 is provided in terms of thousand units ('000 Units). With focus on the key countries, the report is broadly classified into region (Asia-Oceania, Europe, North America and ROW), by vehicle type (Passenger car, LCV, HCV), by type of brake (disk & drum). The market for electronic breaking system is segmented by technology type (ABS, TCS, ESP). The report provides a comprehensive review of market drivers, restraints, opportunities, challenges, and other related aspects in the automotive brake system market. It also classifies and defines the automotive brake system market in terms of value, providing qualitative as well as quantitative insights into automotive brake systems. The key players in the market identified and profiled in this report are TRW Automotive Holdings Corp. (U.S.), Continental AG (Germany), Aisin-Seiki Co. Ltd. (Japan), Akebono Brake Industry Co. Ltd. (Japan), Halla Mando Corp. (South Korea).
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