Asia Pacific Automotive Brake Systems Market size was valued at US$20.99 Bn in 2018 and is expected to grow at a CAGR of XX % over the forecast period. Asia Pacific Automotive brake systems is…
Automotive brake system is segmented by break type, by vehicle type, by technology and Country. Brake type is classified into disc brake, drum brake. Based on vehicle type market is split into passenger cars and commercial Vehicles. Technology is divided into ABS, TCS, ESC and EBD. Country wise market is segmented into Asia Pacific, China, Japan, India, South Korea, Australia, New Zealand, rest of the Asia Pacific.
Asia Pacific Automotive Brake Systems Market, By Brake type
Growth in the safety concerns have led to governmental mandates that lay down the guidelines pertaining to vehicular safety norms. Increasing automotive brake system market is directly linked to the of the demand for passenger cars as well as commercial vehicles. Advancement in brake system such as anti-lock braking system allow drivers to have better control by preventing lock-ups and skidding. Rising cases of accidents and fatalities enforced governments to implement stringent safety regulations and reduce stopping distances.
Drivers and Restrains:
Ever-rising demand and succeeding vehicle production is considered as one of the biggest driver for the growing demand of the automotive brakes and global automotive brake system market penetration. Additionally, the increasing governmental mandates for improving the vehicle safety has strongly contributed to the demand of the Asia Pacific automotive brake system market. The major restraint in the automotive brake system market implies to be the higher cost of the advanced technology of Electronic Brake Systems (EBS) when compared to the commonly used Hydraulic Brakes.
Disc brakes offer benefits such as optimal operation without the help of additional expenses for adjustment and cleaning, less cooling time and overall capacity. As compare to drum brakes, disc brakes provide better stopping performance, as the disc is cooled readily. Additionally, disc brakes are less prone to brake fade caused by overheating of brake components and they recover quickly from immersion. So, auto manufacturers are increasingly deploying disc brakes in vehicles owing to enhanced riding experience and growing demand for safety. Disc brakes offer larger controlled and shorter braking distance irrespective of the road conditions, thereby ensuring the safety of the occupants.
On the basis of Technology, Traction Control System (TCS) technology is dominating market. The Vehicles with ESC must have Anti-lock Braking System (ABS) and TCS. This three electronic braking technologies use the same wheel sensors and offer enhanced braking performance. Following order to support the growth of braking technologies, the governments are introducing various regulations to make these technologies mandatory in passenger cars in the coming years.
Key players operates on the market are, Brembo S.p.A, Continental AG, Robert Bosch GmbH, AISIN SEIKI, Borg Warner, WABCO, Hyundai Mobis, Hitachi Ltd., FTE Automotive, Fujitsu Ten Ltd., Nissin Kogya Co., Ltd., Brakes India, Federal Mogul LLCHella Pagid GmbH, Sumitomo Riko Company Ltd., Hutchinson SA, Nisshinbo Brake Inc., TMD Friction Holdings GmbH, MAT Holdings, Inc., ASK Automotive Pvt. Ltd., BNA Automotive India Pvt. Ltd., Mando Corporation, Knorr Bremse AG, and EXEDY Corporation.
Scope of the Asia Pacific Automotive Brake Systems Market
Asia Pacific Automotive Brake Systems Market, By Brake type
Asia Pacific Automotive Brake Systems Market, By Vehicle type
• Passenger car
• Commercial car
Asia Pacific Automotive Brake Systems Market, By Technology
Asia Pacific Automotive Brake Systems Market, By Country
• South Korea
• New Zealand
• Rest of Asia Pacific
Key players operates on the Asia Pacific Automotive Brake Systems Market:
• Brembo S.p.A
• Continental AG
• Robert Bosch GmbH
• Borg Warner
• Hyundai Mobis
• Hitachi Ltd.
• FTE Automotive
• Fujitsu Ten Ltd.
• Nissin Kogya Co., Ltd.
• Brakes India
• Federal Mogul LLCHella Pagid GmbH
• Sumitomo Riko Company Ltd
• Hutchinson SA
• Nisshinbo Brake Inc.
• TMD Friction Holdings GmbH
• MAT Holdings, Inc.
• ASK Automotive Pvt. Ltd.
• BNA Automotive India Pvt. Ltd.
• Mando Corporation
• Knorr Bremse AG
• EXEDY Corporation.
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