FACT.MR has been actively involved in offering comprehensive research data concerning various topics which are associated to industrial reference and investor utility. This particular research report titled “Automotive Brake Components Market Forecast, Trend Analysis & Competition Tracking – Global Review 2017 to 2022” has been added to the wide online database of FACT.MR which discusses the present as well as future market scenario. Readers can access knowledge related to market volume, regional expanse as well as competitive landscape prevailing in the global automotive brake components market. In order to study development patterns, this smart assessment also focuses on market dynamics, which talks about drivers, restraints and opportunities estimated to influence the concerned market during the period until 2022.
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The Fact.MR report on global automotive brake components market predicts that the market will be valued at nearly US$ 63 Bn by 2017-end, albeit, it is expected to soar at a moderate CAGR towards the end of 2022. High replacement rate and increasing use of sensor technologies in lowering the need for instinctive braking of vehicle drivers is expected to impede the adoption of automotive brake components in the future. By 2022-end, the global market for automotive brake components is anticipated to procure a value a little less than US$ 78 Bn.
Demand for Disc Brake Components to Incur an Upsurge
A comparative study between two key products in the global automotive brake components market reveal a predominant preference to disc brake systems. While components of disc brake systems require lubricants for proper functioning, their operational efficiency remains to be higher compared to drum brake components that tend to have high replacement rate. Vehicles equipped with disc braking systems continue to attract greater consumer base, indicating a declining demand for conventional brake components. According to the report, disc brake components will be observed as top-selling products in the global automotive brake component market, and will procure more than four-fifth share on global revenues through 2022.
Passenger Cars – Attractive Vehicle Segment
Automotive brake components are of paramount importance in boosting the safety of passengers in vehicles. With soaring demand for compact cars and SUVs across automotive markets in the world, the adoption of automotive brake components is expected to remain high in passenger cars. By the end of 2022, over US$ 57 Bn worth of automotive brake components will be sold for their use in passenger cars. On the other hand, global sales of automotive brake components accounted by commercial vehicles will witness sluggish growth over the forecast period.
Aftermarket Sales of Automotive Brake Components to Gain Traction
The report also projects that towards the latter half of the forecast period, OEMs will lose traction in terms of sales of automotive brake components. Aftermarkets will be observed as largest sales channel for automotive brake components in the global market. Reflecting a 5.7% CAGR, the aftermarket sales of automotive brake components will procure more than half of the global market value throughout the forecast period.
Competition Tracking
Key players in the global automotive brake components market are also profiled in the report. Companies such as ASK Automotive Pvt. Ltd., Continental AG, Robert Bosch GmbH, DAKO-CZ, ZF Friedrichshafen AG, Daimler AG, Akebono Brake Industry Co., Ltd., Brembo S.P.A., Aisin Seiki Co., Ltd., Knorr Bremse AG, Mando Corporation and Wabco Holdings Inc. are expected to actively partake in the growth of global automotive brake components market through 2022.
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Table of Contents:
- Global Automotive Brake Component Market - Executive Summary
- 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
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