Global Automotive Friction Brake System Market by Product Type (Disc Brake, Drum Brake), Vehicle Type (Passenger Cars, LCV, HCV), Sales Channel (OEM’s, Aftermarket) and Region (North America, South America, Asia-Pacific, Europe and Africa & Middle East) – Forecast to 2022
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Due to growth of automotive industry particularly in developing economies of the world, friction brake system market for automotive is expected to witness substantial growth over the forecast period. Furthermore, increasing concerns over safety forced the government mandates to improve the vehicle safety as a result of which the demand is expected to be driven.
Passenger Car and Commercial Vehicles are expected to lead the growth of automotive friction brake market. The North America is expected to dominate the market by Region.
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The segment accounted for approximately 60% market share in the global automotive friction brake system market in 2015 and is expected to grow at a CAGR during the forecast period.
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Market Research Analysis:
The market is highly application based. The automotive friction brake system market has witnessed considerable growth in countries such as China, India, and Brazil, owing to upcoming emission norms.
Due to the increased vehicle production and lifespan of vehicles, the demand for brake friction products is growing.
On the basis of region, North America is estimated to be the fastest growing Automotive Friction Brake System Market. The U.S is the main contributor to the Friction Brake System Market for Automotive.
While nations like China and India in the long run are expected to show strong increasing production volumes.
On the basis of Vehicle, Passenger Car has the largest market share. Growth in R&D to improve vehicle safety coupled with government initiatives regulating standards for automobile safety is expected to propel demand over the forecasted period.
The key players in the Global Automotive Friction Brake System market are Akebono Braking Industry Corporation, Brembo S.P.A, Continental AG, Delphi Automotive PLC, TRW Automotive Holdings Corp., Aisin-Seiki Co. Ltd., Federal-Mogul Corporation, Robert Bosch GmbH, Halla Mando Corporation, Haldex AB.
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Scope of the Report:
This study provides an overview of The Global Automotive Friction Brake System industry, tracking three market segment across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, South America and Middle-East and Africa.
The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Global Automotive Friction Brake System.
On the basis of Product it is segmented as Disc and Drum Brakes. On the basis of Region it is segmented as North America, Europe, South America, APAC and Middle-East and Africa.
On the basis of Vehicle, it is classified as Passenger car, LCV and HCV. Whereas OEM’s and Aftermarkets are the sub-segments of Sales channel.
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