Market Insights

As per recent research by MarkNtel Advisors, The Global Automotive Brake Components Market is projected to grow at a CAGR of around 6% during the forecast period, i.e., 2023-28.

“In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecasts for years 2024 to 2030, including market size, industry trends, and competitive analysis. It wouldn't take long for the team to deliver the most recent version of the report.”

Request Free Sample Report: https://www.marknteladvisors.com/query/request-sample/global-automotive-brake-components-market.html

Key Driver: Stringent Government Regulations for Enhanced Safety in Vehicles

Governments of various countries worldwide are laying out strict regulations for automakers to include enhanced safety features in vehicles, owing to which technologies like ABS (Anti-lock Brake Systems), BA (Brake Assist), EBD (Electronic Brakeforce Distribution), & AEB (Advanced Emergency Braking) have gained traction in the past few years, in order to reduce road accidents. ABS provides enhanced vehicle stability & directional control and aids in minimizing stopping distance when hard brakes are applied. On the other hand, BA is based on ABS technology & is used usually in combination with ABS to reduce the stopping distance by around 45%. Next is EBD, i.e., the extended version of ABS that helps distribute equal force to each wheel and offers benefits like improved traction, better stability, & enhanced braking efficiency. Hence, the burgeoning adoption of these technologies by automakers to comply with stringent government regulations is projected to drive the Global Automotive Brake Components Market during 2023-28.

Market Segmentation and Consumer Behavior:

By Vehicle Type

  • Medium and Heavy Commercial Vehicles
  • Light Commercial Vehicles
  • Passenger Cars
  • Others

By Sales Channel

  • OEMs
  • Aftermarket

By Product Type

  • Brake Caliper
    • Floating Caliper
    • Fixed Caliper
  • Brake Pad
    • Metal
    • Ceramic
    • Organic
  • Brake Rotor
  • Brake Shoe
  • Brake Line

Read Full Report: https://www.marknteladvisors.com/research-library/global-automotive-brake-components-market.html

Automotive Brake Components Market Geographical Analysis:

By Region:

  • North America
  • South America
  • Europe
  • Middle East
  • Africa
  • Asia-Pacific

Key Players and Competitive Strategies in the Automotive Brake Components Market

Several prominent players dominate the Automotive Brake Components Market, including:

  • Nisshinbo Holdings.
  • Hitachi automotive Systems Limited.
  • Akebono Brake Industry Co., Ltd.
  • Continental AG
  • Wabco holdings Inc.
  • Robert Bosch GmbH
  • Aisin Seiko Co. Ltd.
  • Valeo SA
  • Delphi Automotive Plc
  • Federal Mogul Holdings Corporations
  • Others

Report Delivery - MarkNtel Advisors offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address.

Questions Addressed in this Study

1.What factors are driving the Automotive Brake Components Market growth?

2.How is the Automotive Brake Components Market expected to grow over the next five years?

3.What are the key insights into the current trends in the Automotive Brake Components Market?

4.What is the current size of the Automotive Brake Components Market, and how is it projected to change in the future?

5.What is the future outlook for the Automotive Brake Components Market in terms of technological advancements and market expansion?

Request Customization - https://www.marknteladvisors.com/query/request-customization/global-automotive-brake-components-market.html

Read Blog:

Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

For Media Inquiries, Please Contact:

Call: +1 628 895 8081 | +91 120 4278433

Email: sales@marknteladvisors.com

Sales Office: 564 Prospect St, B9, New Haven, Connecticut, USA-06511

Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India