Automotive Brake Components Market Forecast, Trends Analysis and Competition Tracking – Global Review 2017-2022" offers unbiased intelligence on several aspects of the market. The demand and sales scenario of automotive brake components has been highlighted in the report. Moreover, analysis on various segments of the market including assessment on automotive brake components used in disc brakes such as rotors, calipers and brake pads and those used in drum brakes such as drums, brake shoes and wheel cylinder has been covered in the report. Fact.MR envisages that the brake components market 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.
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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.
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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.
About the Report
FactMR has actively published a new research study titled "Automotive Brake Components Market Estimated to Grow at a CAGR at 4% in Terms of Value During 2018-2028 | Key Players are DAKO CZ, Daimler AG, Brembo S.p.A, Knorr Bremse AG, Mando Corporation, Aisin Seiki Co. Ltd., and Robert Bosch GmbH., Akebono Brake Industry, etc." to its broad online database. This assessment works to discourse the major trends, opportunities and drivers motivating the automotive brake components market during the period between 2018-2028. The insights structured for presenting the target market are procured from both primary research and secondary research, and are utilized for validation that is valuable to investors, manufacturers and new entrants.
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