iCrowd Newswire – Aug 26, 2020
According to the latest market research report “Automotive Brake Components Industry Market Growth, Trends, Size, Share, Players, Product Scope, Regional Demand, COVID-19 Impacts and 2026 Forecast” released by Global Market Monitor, the global Automotive Brake Components market is expected to reach $121 million by 2026.
Brake pads, rotors, calipers and caliper supports are the main components of disc brakes, while drum brakes consist of pads, shoes, drums, wheel cylinders, return springs and automatic or self-adjusting systems. The primary function of the brake is to reduce speed or stop the vehicle, and these components are responsible for producing the braking effect.
Globally, the automotive brake components market is gaining popularity and expanding to various regions such as Asia Pacific, North America, Europe, South America, and the Middle East and Africa. Asia Pacific is expected to dominate the global automotive brake components market owing to the increase in automotive production in economies such as India and China.
Growing vehicle production in developing countries will drive the market growth and technological advancements and increasing adoption of regenerative braking to improve safety in emergency situations. These market trends are expected to drive the market growth over the forecast period due to increasing concern over fatalities due to road traffic accidents and increasing demand for safety features in transportation.
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The Major Players Profiled in This Report Include:
Robert Bosch GmbH
ZF Friedrichshafen AG
Wabco Holdings, Inc.
Aisin Seiki Co, Ltd.
The Type and Application Analysis:
On the basis of type, this report displays the sales volume, revenue (Million USD), product price, market share and growth rate of each type, primarily split into:
On the basis of application, this report displays the sales volume, revenue (Million USD), product price, market share and growth rate of each application/end users, primarily divided into:
Light Commercial Vehicles
Heavy Commercial Vehicles
To Identify the Key Trends in the Industry, Click on the Link Below:
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Automotive Brake Components Report Table of Content:
Chapter 1 Report Overview
Chapter 2 Market Trends and Competitive Landscape
Chapter 3 Segmentation of Automotive Brake Components Market by Types
Chapter 4 Segmentation of Automotive Brake Components Market by End-Users
Chapter 5 Market Analysis by Major Regions
Chapter 6 Product Commodity of Automotive Brake Components Market in Major Countries
Chapter 7 North America Automotive Brake Components Landscape Analysis
Chapter 8 Europe Automotive Brake Components Landscape Analysis
Chapter 9 Asia Pacific Automotive Brake Components Landscape Analysis
Chapter 10 Latin America, Middle East & Africa Automotive Brake Components Landscape Analysis
Chapter 11 Major Players Profile
11.1 Robert Bosch GmbH
11.1.1 Robert Bosch GmbH Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 Continental AG
11.2.1 Continental AG Profile and Recent Development
11.2.2 Market Performance
11.2.3 Product and Service Introduction
11.3 ZF Friedrichshafen AG
11.3.1 ZF Friedrichshafen AG Company Profile and Recent Development
11.3.2 Market Performance
11.3.3 Product and Service Introduction…
Chapter 12 Data Source and Research Methodology
The List of Tables and Figures
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Automotive Brake Components Report Provide:
Potential opportunities and challenges analysis in Automotive Brake Components market.
Current and future market outlook in the developed and emerging regional markets.
Detailed analysis of the segment that is expected to dominate the market.
Regions that are expected to witness the fastest growth during the forecast period.
Identify the latest developments, market shares, and strategies employed by the major market players.
Comprehensive & in-depth research and after-sales warranty by Global Market Monitor.
Analysis of Influences of COVID-19 to the present and future Automotive Brake Components market and related industry.
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Keywords: Automotive Brake Components Industry, Market Growth