Global Automotive Friction Brake System Market

The braking system is used to control and stop the vehicle's speed to avoid accidents.Disc brakes and drum brakes, employed in most of the automobiles, are classified under the friction braking system. The functionality of disc brakes is observed from the friction exerted on the propelling disc by the brake pads, while that of drum brakes is observed by the rubbing of brake shoes on the inner surface of the drum. The application of ceramic brake pads offers high-temperature resistance, less weight and improved performance of the brakes.

Market Dynamics:

Growing consumer emphasis on safety, focus on preventive maintenance and stringency in the safety norms are the key factors driving the automotive friction brake system market. Increase in the lifespan of automobiles due to delay of new vehicle purchase by the majority of customers in the developing economies has boosted the growth of automotive friction brake system market.The longer replacement cycle and an increase in number of miles travelled by vehicles generate opportunities in the aftermarket segment as well.

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. 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.

Market Segmentation

:

The Global Automotive Friction Brake System market can be segmented on the basis of product type, vehicle type, and brake pad material type.

1. Product type:

i) Disc Brake

ii) Drum Brake

2. Vehicle type:

i) Passenger Cars

ii) Light Commercial Vehicles

iii) Heavy Commercial Vehicles

3. Brake Pad Material type:

i) Semi Metallic

ii) Metallic

iii) Ceramic

Geographical Analysis:

Geographically, North-America accounts for the largest share in the Global Automotive Friction Brake System market mainly due to the established automotive manufacturers present in this region. Asia-Pacific region is expected to grow at a faster pace than the Europe and North America due to the favorable government initiatives and increased investment in the automotive industry.The developing nations such as China, Brazil and India has experienced sustained growth in the Asia Pacific regions. Due to the increased vehicle production and lifespan of vehicles, the demand for brake friction products is growing every year as compared to previous decades.

Key Players:

Some of the key players in the market are Akebono Braking Industry Corporation, Brembo Brakes, Continental AG, Delphi, TRW Automotive Holdings Corp., Aisin-Seiki Co. Ltd., Federal-Mogul Corporation, Robert Bosch GmbH, HallaMando Corporation, and Haldex AB.

Report Contents:

> Market segments

> Market Drivers, Restraints and Opportunities

> Market Size & Forecast 2016 to 2022

> Supply & Demand Value Chain

> Market - Current Trends

> Competition & Major Companies

> Technology and R&D Status

> Porters Five Force Analysis

> Strategic and Critical Success Factor Analysis of Key Players

Regional Analysis:

> North America

>> US and Canada

> Latin America

>> Mexico, Brazil, Argentina and Rest of Latin America

> Western Europe

>> EU5 (Germany, France, Italy, Spain, U.K.)

>> Nordic Countries (Denmark, Finland, Norway, and Sweden)

>> Benelux (Belgium, The Netherlands, and Luxembourg)

>> Rest of Western Europe

> Eastern Europe

>> Russia

>> Poland

>> Rest of Eastern Europe

> Asia Pacific

>> China

>> India

>> Japan

>> Australia and New Zealand

>> Rest of Asia Pacific

> Middle East and Africa

>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)

>> South Africa

>> North Africa

>> Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Report Highlights:

> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)

> Consumer and Pricing Analysis

> Market dynamics of the industry

> Market Segmentation

> Estimated Market Sizing in terms of volume and value

> Recent trends in Market and impact

> Research Status and Technology Overview

> Extensive Industry Structure Coverage