Frictionless Braking Reduces Periodic Changes of Automotive Brake Components
Gradual Shift toward hybrid and electric vehicles is expected to impact braking technology used in light-trucks and cars in the coming years. With upcoming trends including electrification, autonomous driving, new mobility and light weighting has influenced automotive brake components manufacturers to develop braking system compatible products in a bid to remain in alignment with the current novelties in braking technology. In addition, with the introduction of “Eddy Current Brakes”, the periodic changing of automotive brake components can be significantly reduced using the frictionless braking technology. This aspect has been deemed as a potential breakthrough among OEMs, which is expected to impact the growth of automotive brake components market in the coming years.
Automotive Brake components Functionality Enhanced by Anodizing Brake Calipers
Brake calipers in disc brake systems is expected to witness significant demand on the back of growing preference for aluminum automotive brake components. Moreover, the trend of anodizing brake calipers, particularly for use in high quality vehicles has been witnessed in the automotive brake components market. Additional treatment of anodizing the caliper surface ensures enhanced corrosion protection, improve wear resistance and appearance. Additionally, anodized brake calipers can be colored to increase the aesthetic quotient with paints that can further increase weather resistance.
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. The labelling initiative can ensure same performance within the tolerance limits of original vehicles. This initiative is likely to offset the impact of counterfeit products on the automotive brake components market, in turn auguring well for its overall growth.
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. Moreover, OEMs have considered Asia Pacific as a major sourcing hub not only for automotive brake components but also other auto components and consolidate their positions in emerging markets to leverage upcoming opportunities. Against this backdrop, Asia Pacific is likely remain a lucrative market for automotive brake components for its aftermarket. Moreover, auto components manufacturers are signing joint ventures to tap the Asian market for specific vehicle segments. For instance, ASK Automotive and Fras-le (Brazil) have set up a joint venture of linings and brake pads facility especially for commercial vehicles in Haryana with an investment of over US$ 15 million in 2018.
About the Report
Automotive Brake Components Market Forecast, Trends Analysis and Competition Tracking – Global Review 2017-2022” offers unbiased intelligence on several aspects of the market. The demand and sales scenario of automotive brake components has been highlighted in the report. Moreover, analysis on various segments of the market including assessment on automotive brake components used in disc brakes such as rotors, calipers and brake pads and those used in drum brakes such as drums, brake shoes and wheel cylinder has been covered in the report. Moreover, analysis on brake booster and master cylinder is also included. The sales analysis of automotive brake components in passenger cars, in light commercial vehicles and heavy commercial vehicles in the aftermarket is also provided. All these segments are analyzed across major regions in the globe including North America, Latin America, Europe, Japan, Asia Pacific excluding Japan (APEJ) and Middle East and Africa (MEA) along with historical and current market data and forecasts for a period of 10 years.
Automotive brake components are independently manufacturers parts used in braking system of vehicles. These include brake pads, brake shoes, rotors, drums, calipers, fluids, liners and hoses. Typically, rubber and metal are the main raw material used in automotive brake components production.
Additional Questions Answered
The report on automotive brake components market answers additional questions such as:
- What is the aftermarket scenario in APEJ, North America other developed economies?
- Can increasing integration of electronics in braking systems impact sales of automotive brake components in the coming years?
- What is the market share of passenger cars and LCVs in automotive brake components market?
- To what extent can sales of brake boosters, master cylinders and calipers contribute to the overall market’s growth?
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.
Note: The report on automotive brake components market also covers intelligence on other companies such as DAKO CZ, Daimler AG, Brembo S.p.A, Akebono Brake Industry Ltd., and ZF Friedrichshafen AG.
“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.
Chapter 1 – Executive Summary
This chapter offers overall assessment on various aspects of the automotive brake components along with impact assessment. Analysis on various market segments across key regions in the globe is provided in this chapter.
Chapter 2 – Automotive Brake Components Market Overview
The chapter in the automotive brake components market report includes a brief introduction of the market along with market definition. A detailed scope of the automotive brake components stud is also covered in this chapter.
Chapter 3 – Key Indicator Assessment
This chapter focuses on overall automotive industry outlook revealing various industry-specific and macroeconomic aspects influencing growth. The chapter also covers analysis on automotive production with assessment on production on passenger cars, light commercial vehicles and heavy commercial vehicles. Analysis on vehicle parc and fleet on road along with automotive components assessment is included in the chapter.
Chapter 4 – Market Dynamics
Various socioeconomic factors impacting growth of the automotive brake components market along with key growth drivers, industry challenges and restraints, forecast factors, supply chain analysis and trends are covered in this chapter.
Chapter 5 – Automotive Brake Component Market – Price Point Analysis
This section includes price point analysis by region and country. It also covers pricing intelligence with respect to sales channel along with forecasts till 2028. Various factors influencing the pricing of automotive brake components are also chalked in this section.
Chapter 6 – Automotive Brake Components Market Analysis and Forecast
In-depth assessment on automotive brake components market outlook, volume projections and forecasts, pricing index, regional demand assessment and value share is covered in the chapter. Analysis on various sales channels and product types across the OEM and aftermarket is included in this chapter. This chapter focuses on analysis of sales of automotive brake components in braking systems in all vehicle types.
Chapter 7 – North America Automotive Brake Components Market Analysis and Forecast
Demand and sales of automotive brake components in North America across countries of United States and Canada has been covered in this chapter. Moreover, analysis on various market segments across these countries is also included revealing key opportunities in the market.
Chapter 8 – Latin America Automotive Brake Components Market Analysis and Forecast
This chapter focuses on business outlook of automotive brake components in Latin America region. Assessment of automotive brake components market across Brazil, Mexico and rest of Latin America is provided in this section.
Chapter 9 – Europe Automotive Brake Components Market Analysis and Forecast
Market for automotive brake components across European countries of Germany, France, Italy, United Kingdom and Spain, to name a few, has been covered here. Market attractiveness index along with year-on-year growth of automotive brake components market is provided in this chapter.
Chapter 10 – Asia Pacific Excluding Japan (APEJ) Automotive Brake Components Market Analysis and Forecast
This extensive chapter of the automotive brake components market report includes assessment on various revenue pockets in the APEJ region. Countries covered in the study in APEJ include China, India, ASEAN, Australia & New Zealand and rest of APEJ. Value and volume share analysis on market segments across these countries is included in this section.
Chapter 11 – Japan Automotive Brake Components Market Analysis and Forecast
Developed country of Japan is thoroughly scrutinized in a bid to provide the reader the demand and sales scenario of automotive brake components in the automotive sector in the country. Metrics such as y-o-y growth, CAGR, market estimations and impact analysis of various factors circling automotive brake components market are included in this chapter.
Chapter 12 – Middle East and Africa (MEA) Automotive Brake Components Market Analysis and Forecast
The chapter provides intelligence on adoption and demand assessment of automotive brake components across South Africa, Turkey and rest of MEA. Y-o-y growth comparison, volume sales of automotive brake components and market attractiveness index with key market participants are covered in the chapter.
Chapter 13 – Competitive Assessment
This section covers detailed competitive assessment, market structure, company market share analysis, and market presence of key participants with intensity mapping is covered here.
Chapter 14 – Competition profiles
This chapter, being an extension of the competitive assessment chapter, includes profiles of major companies and their key aspects.
Chapter 15 – Assumption and Acronyms Used
This chapter includes list of assumptions used during conducting the automotive brake components market study. It also covers details of acronyms used in the report.
Chapter 16 – Research Methodology
This chapter covers details regarding the research methodology used to glean insights and craft the report. The research process is a combination of primary and secondary research along with intelligence obtained from external sources such as financial data, company filings, local newspapers, financial statements, local newspapers and press releases.
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