Automotive Brake Components Market: Soaring Demand Assures Motivated Revenue Share during 2017-2022

Fact.MR Fact.MR

Rockville, US, 2018-Nov-01 — /EPR Network/ — Non-uniformity in road infrastructure coupled with advancements in braking systems continue to influence the adoption of automotive brake components. In addition, according to World Health Organization (WHO) around 1.3 million fatalities are recorded every year on account of road accidents caused by vehicles. Increasing demand for passive and active safety of automobiles on the back of growing road accidents have initiated demand for efficient automotive brake components such as brake calipers, brake pads, brake shoes and brake liners. This factor is likely to instrumental in driving the need for efficient automotive brake components, in turn pushing their market’s growth. Fact.MR envisages that the sales of automotive brake components is estimated to cross US$ 65 Bn by end of the year of forecast. The automotive brake components demand is projected to grow at a CAGR of around 4% in terms of value during the period of forecast, 2018-2028.

Request a sample of the Automotive Brake Components Market report – https://www.factmr.com/connectus/sample?flag=S&rep_id=24

Mandates by regulatory bodies have influenced adoption of advanced brake systems. For instance, NHTSA (National Highway Traffic Safety Administration) – a U.S DOT (Department of Transportation) agency – has mandated use of AEB (Automatic Emergency Braking) by 2022 that offers dynamic braking. This has fuelled adoption of Antilock Braking System (ABS), in turn pushing the demand for efficient automotive brake components such as brake boosters, cylinders, brake liners and brake shoes.

Demand for automotive brake components for disc brake systems is projected to surge at a significant pace throughout the period of forecast, says the report. While automotive brake components in disc brake systems need lubricants for effective functioning, operational efficiency of these components is higher than their drum brake counterparts that have high replacement rates. This factor continues to push the growth in demand for automotive brake components for disc brake components in the automotive sector worldwide. Moreover, automobiles equipped with disc brakes are gaining wide traction in turn impacting adoption of conventional braking systems. This factor is expected to auger well for the growth in sales of automotive brake components for disc brakes in the coming years. Fact.MR reveals that the sales volume of automotive disc brake components are anticipated to cross 1,061,000 units by end of 2018 soaring at a significant pace throughout the period of forecast.

Frictionless Braking Reduces Periodic Changes of Automotive Brake Components

Gradual Shift toward hybrid and electric vehicles is expected to impact braking technology used in light-trucks and cars in the coming years. With upcoming trends including electrification, autonomous driving, new mobility and light weighting has influenced automotive brake components manufacturers to develop braking system compatible products in a bid to remain in alignment with the current novelties in braking technology. In addition, with the introduction of “Eddy Current Brakes”, the periodic changing of automotive brake components can be significantly reduced using the frictionless braking technology. This aspect has been deemed as a potential breakthrough among OEMs, which is expected to impact the growth of automotive brake components market in the coming years.

Automotive Brake components Functionality Enhanced by Anodizing Brake Calipers

Brake calipers in disc brake systems is expected to witness significant demand on the back of growing preference for aluminum automotive brake components. Moreover, the trend of anodizing brake calipers, particularly for use in high quality vehicles has been witnessed in the automotive brake components market. Additional treatment of anodizing the caliper surface ensures enhanced corrosion protection, improve wear resistance and appearance. Additionally, anodized brake calipers can be colored to increase the aesthetic quotient with paints that can further increase weather resistance.

New Labelling Initiative Mitigates Threats Posed by Counterfeit Products

Prevalence of counterfeit products in the automotive sector called for same regulations apropos to labelling standards of replacement automotive brake components as original brake components in a bid to ensure vehicle safety. This triggered the implementation of ECE R90 regulation that is applicable to vehicles sold across European Union along with 30 nations in Asia Pacific and Africa. ECE R90 has revised several mandates with regards to specific designs, performance and construction requirements for labelling for automotive brake components. The labelling initiative can ensure same performance within the tolerance limits of original vehicles. This initiative is likely to offset the impact of counterfeit products on the automotive brake components market, in turn auguring well for its overall growth.

Browse Full Report with TOC- https://www.factmr.com/report/24/automotive-brake-component-market

Emerging Markets Reveal their Revenue Potential in the Automotive Brake Components Space

Significant opportunities can be grabbed in the emerging economies of Asia Pacific on the back of growing domestic automotive sector coupled with increasing investments in research and development and massive technological shift. Automotive brake components manufacturers are planning to tap new vehicle segments in emerging economies of China and India along with introduction of advanced automotive brake components to gain high margins. Stakeholders are focusing on penetrating these emerging lands to capture major revenue funnels offered by business-environment friendly countries. Moreover, OEMs have considered Asia Pacific as a major sourcing hub not only for automotive brake components but also other auto components and consolidate their positions in emerging markets to leverage upcoming opportunities. Against this backdrop, Asia Pacific is likely remain a lucrative market for automotive brake components for its aftermarket. Moreover, auto components manufacturers are signing joint ventures to tap the Asian market for specific vehicle segments. For instance, ASK Automotive and Fras-le (Brazil) have set up a joint venture of linings and brake pads facility especially for commercial vehicles in Haryana with an investment of over US$ 15 million in 2018.

Sales of automotive brake components are likely to remain concentrated in the developed countries of North America, particularly in the United States on the back of rising sales of vehicles. For instance, according to OICA, sales of commercial vehicles in the United States grew by 494,687 units in 2017 over 2016 and are expected to further increase in the coming years. This aspect has presented a potential growth avenue for the automotive brake components, in turn pushing the growth of their market. On the other hand, the demand for automotive brake components in projected to witness a substantial rise in the emerging economies of the Asia Pacific excluding Japan (APEJ) region during the assessment period making it a lucrative region for manufacturers of automotive brake components, says the report.

Competitive Landscape

The report on automotive brake components market offers a complete assessment on major companies involved in the manufacturing of automotive brake components. Moreover, various facets such as SWOT analysis, product portfolios, innovations in designs and developments, company mergers and alliances and key financials have been incorporated in the competitive landscape section of the report. Few of the major companies profiled in the report include Wabco Holdings Inc., Knorr Bremse AG, Mando Corporation, Aisin Seiki Co. Ltd., and Robert Bosch GmbH.

Table of Content:

  1. Global Automotive Brake Component Market – Executive Summary

    2. Global Automotive Brake Component Market Overview
    2.1. Introduction
    2.1.1. Global Automotive Brake Component Market Taxonomy
    2.1.2. Global Automotive Brake Component Market Definition
    2.2. Global Automotive Brake Component Market Size (US$ Mn) and Forecast, 2012-2022
    2.2.1. Global Automotive Brake Component Market Y-o-Y Growth
    2.3. Global Automotive Brake Component Market Dynamics
    2.3.1. Drivers
    2.3.2. Restraints
    2.3.3. Trends
    2.4. Supply Chain
    2.5. Cost Structure
    2.6. Pricing Analysis
    2.7. Raw Material Sourcing Strategy and Analysis
    2.8. List of Distributors
    2.9. Key Participants Market Presence (Intensity Map) By Region

    3. Global Automotive Brake Component Market Analysis and Forecast By Product Type 
    3.1. Global Automotive Brake Component Market Size and Forecast By Product Type, 2012-2022
    3.1.1. Disc Automotive Brake Component Market Size and Forecast, 2012-2022
    3.1.1.1. Revenue (US$ Mn) Comparison, By Region
    3.1.1.2. Market Share Comparison, By Region
    3.1.1.3. Y-o-Y growth Comparison, By Region
    3.1.2. Drum Automotive Brake Component Market Size and Forecast, 2012-2022
    3.1.2.1. Revenue (US$ Mn) Comparison, By Region
    3.1.2.2. Market Share Comparison, By Region
    3.1.2.3. Y-o-Y growth Comparison, By Region

  2. Global Automotive Brake Component Market Analysis and Forecast By Vehicle Type 
    4.1. Global Automotive Brake Component Market Size and Forecast By Vehicle Type, 2012-2022

Continued……….

Any Query? Ask our Industry Expert on this Report- https://www.factmr.com/connectus/sample?flag=AE&rep_id=24

About FactMR
FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market Insights reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

Contact Us
FactMR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/
Follow Us on Linkedin: https://www.linkedin.com/company/factmr/

Matched content

Editor’s pick

Do NOT follow this link or you will be banned from the site!