Skip to main content

Automotive Brake Components Industry Outlook & Trend Analysis 2032

 In the upcoming years, the adoption of modern automobile brake components is likely to be influenced by improvements in braking systems combined with regulations from regulatory organizations.

In 2021, the demand for automotive brake components represented about 20% of the worldwide automotive components market.
Currently, the global market for automobile brake components is worth US$ 49.9 billion. By 2032, the market for automobile brake components will be worth US$ 75.6 billion, growing at a CAGR of 4.2%.

Download a Sample Copy of This Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=24?PS

Increased demand for brake callipers in disc braking systems is likely due to a rising preference for aluminium automotive brake components. Brake callipers are anodised in preparation for use in premium automobiles. The market for automotive brake components is expected to benefit from this trend of anodizing brake callipers by 210 BPS.

Together with improved corrosion protection, anodizing also enhances aesthetics and wear resistance. Moreover, anodized brake callipers can be painted to strengthen their weather resistance. According to estimates, this will 1.3 times boost propel growth during the anticipated years.

Key Players Covered:

  • Wabco Holdings Inc.
  • Knorr Bremse AG
  • Mando Corporation
  • Aisin Seiki Co. Ltd.
  • Akebono Brake Industry Company Ltd.
  • Brembo S.p.A
  • Daimler AG
  • ZF Friedrichshafen AG
  • DAKO-CZ
  • Robert Bosch GmbH
  • Continental AG
  • ASK Automotive Pvt. Ltd.

Get Customization on this Report: https://www.factmr.com/connectus/sample?flag=RC&rep_id=24?PS

Regional Wise Analysis:

Why is the demand for automotive brake components the highest in North America?
The automobile brake component market in North America holds the greatest market share with a share of 26.1%.

In terms of filtering, the region has tougher emission standards. Also, major producers of automobile braking systems are concentrating on exploiting untapped and brand-new vehicle markets. Additionally, they are concentrating on introducing cutting-edge automobile brake components in order to expand their market share, customer base, and profit margins.

As a result, over the course of the forecast years, the regional market is anticipated to grow at a CAGR of 4.4%. Market shares for automobile brake components in East Asia and South Asia & Oceania are 21.2% and 19.9%, respectively.

Automotive Brake Components Industry Survey by Category

  • Automotive Brake Components Market by Product Type :
    • Disc Brakes
    • Drum Brakes
  • Automotive Brake Components Market by Vehicle :
    • Passenger Vehicles
    • Light Commercial Vehicles
    • Heavy Commercial Vehicles
  • Automotive Brake Components Market by Sales Channel :
    • OEM
    • Aftermarket
  • Automotive Brake Components Market by Region :
    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • MEA

 Some of the important questions covered in this study are as follows:

  • What are the prominent growth factors that will harness growth for the Automotive Brake Components Market during the forecast period
  • Which end-use industry will garner considerable growth for the Automotive Brake Components Market?
  • Which region will emerge as a champion growth contributor during the assessment period?
  • What are the obstacles surrounding the Automotive Brake Components Market? 

Get Full Access of the Complete Report: https://www.factmr.com/checkout/24

Comments

Post a Comment

Popular posts from this blog

Does inflation affect Share Market?

 does Inflation affects the      Stock Market?  What is stock market and stock exchange? “Stock market is a place where people who want to invest their money in stocks come together and perform the buying and selling of such stocks over the stock market.” Trading in stock markets refers to the transfer of securities or stocks between sellers and buyers on an agreed price. The various instruments which can be traded in the stock market are equities, bonds, etc. and the investors could be an individual, large investment companies, banks, pension funds, insurance companies, etc. Trading of these stocks happens in stock exchange with the help of brokers who act as intermediaries between buyers and sellers. NSE and BSE are India’s famous stock exchanges. What is Inflation? Inflation refers to a rise in the prices of goods and services in the economy over a period. It indicates the loss of purchasing power of people in the economy due to expan...
Post a Comment
Read more

Dipak Ghosh Book PDF on Mamata Banerjee

  Dipak Ghosh’s book on Mamata Banerjee is an insightful and comprehensive look into the life of the former Chief Minister of West Bengal. The book, titled ‘Mamata Banerjee: A Political Biography’, traces her journey from her days as a student leader to her rise as a powerful politician and finally to her position as Chief Minister. Get Book PDF Here:  https://pdforbis.com/dipak-ghosh-book-on-mamata-banerjee-pdf/   The PDF download link for Dipak Ghosh Book on Mamata Banerjee is accessible below in this article; download the PDF of Dipak Ghosh Book on Mamata Banerjee using the direct link provided above. Mamata Banerjee is an Indian politician who is the current and eighth Chief Minister of West Bengal. She is also the first female Chief Minister of West Bengal. Dipak Ghosh is a Bengali journalist, who has authored a book on Mamata Banerjee titled “Didi, Palatte Bhalobashte”. The book chronicles Mamata Banerjee’s political journey from the time she switched from Congress ...
Post a Comment
Read more

Motorcycle market projects a steady growth rate of 3.5% CAGR to surpass a value of US$ 180 Bn in 2031

  Latest industry analysis by Fact MR, predicts sales of Motorcycle to swell at propelled CAGR through 2031, as automotive sales gradually recover across the world. The report is intended at presenting insights into hidden growth opportunities and challenges. It also offers recommendations to help businesses to prep for unforeseen challenges. The market intelligence study therefore includes demographics analysis so market players can plan their product and marketing strategy. It offers sales outlook in 20+ countries. It identifies the most lucrative segments to assist companies in creating winning strategies for future. To remain ‘ahead’ of your competitors, request for a sample –   https://www.factmr.com/connectus/sample?flag=S&rep_id=7 The report offers actionable and valuable market insights of Motorcycle. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of...
Post a Comment
Read more