Automotive Braking Component Market: Information, Figures and Analytical Insights 2018 – 2026

Global Automotive Braking Component Market was valued US$ 44 Bn in 2017 and is expected to reach US$ 67.54Bn by 2026 at a CAGR of about 5.5% during a forecast.

Global Automotive Braking Component Market is segmented into by vehicle type, by sales channel, by product type, and by region. Based on vehicle type, Automotive Braking Component Market is classified into Passenger Cars, Light commercial vehicles & Heavy Commercial vehicles. In sales, channel are parted into OEM & Aftermarket. In product type are divided into Electronic Stability Control, Adaptive Cruise Control, Anti-lock Braking System, Differential Slip Control & Traction Control System. Geographically into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Global Industry Analysis and forecast 2018-2026.

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Driving factors for automotive braking component market are rise in vehicle production across the globe, Rapid increase in the production and sales of vehicles, over road traffic crashes and increasing number of deaths, extensive usage of drum brakes in rear braking applications of passenger vehicles and control of vehicle’s stopping distance are creating more demand in automotive braking component market.

Component failure and emerging competitors can hamper the growth of Automotive Braking Component Market.

In terms of product type, Anti-lock braking system segment shares the largest market during the forecast period. Anti-lock Braking System in trends to Improve the vehicle control, decreases stopping distances on dry and slippery surfaces and prevent the vehicles from the accident in the emergency condition. Most of the 2-wheelers in the developed markets are high-end vehicles that have similar safety features as standard and increased adoption of such safety systems in passenger vehicles are also expected to boost the market.

In terms of Sales Channel, Aftermarket segment is projected to grow at fastest during the forecast period. Aftermarket trends in automotive manufacturing, leading to OEM installation of thinner, lighter brake parts that need to be replaced more frequently. The ready availability of less expensive imports that makes it more affordable to replace rather than resurface rotors and drums and increases in raw materials will have more demand in the market for automotive braking component market,

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Among region, Asia Pacific is expected to grow at the highest CAGR during the forecast period. Emerging economics and massive growth in manufacturer across the region like China, South Korea, Japan, and India will create more opportunity in this region. tolerant safety, emission norms, low production cost, government schemes to increase foreign direct investments and Rise in disposal income and ever increasing population of this region will create more opportunity in the Automotive Braking Component Market.

Akebono Brake Industry, Brake Parts, Brembo, CARDONE Industries, Continental, Halla Mando Corp, CWD, Centric Parts, Delphi Automotive Plc, Honeywell International Inc, Nisshinbo Industries, AC Delco, EBC Brakes, Robert Bosch GmbH, Federal-Mogul, Japan Brake Industrial Co. Ltd., MAT Holdings, Power Stop, TMD Friction Holdings GmbH and ZF TRW.

The scope of the Report Global Automotive Braking Component Market:

Global Automotive Braking Component Market: By Vehicle Type

Primary Radar

Secondary Radar

Global Automotive Braking Component Market: By Sales Channel

Civil Airports

Military Airports

Global Automotive Braking Component Market: By Product Type

Electronic Stability Control

Adaptive Cruise Control

Anti-lock Braking System

Differential Slip Control

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Traction Control System Civil Airports

Global Automotive Braking Component Market: By region

North America

Europe

Asia Pacific

Middle East & Africa

Latin America

Key Player analyzed in Global Automotive Braking Component Market the Report:

Akebono Brake Industry

Brake Parts

Brembo

CARDONE Industries

Continental

Halla Mando Corp

CWD

Centric Parts

Delphi Automotive Plc

Honeywell International Inc

Nisshinbo Industries

AC Delco

EBC Brakes

Robert Bosch GmbH

Federal-Mogul

Japan Brake Industrial Co. Ltd.

MAT Holdings

Power Stop

TMD Friction Holdings GmbH