Global Automotive Brake Components Aftermarket 2017-2021

Published: December 2017
No. of Pages: 87
    ReportsandReports

Automotive brake system helps in stopping or slowing down a vehicle. The automotive brake system is actuated by a group of hydraulic, electronic, or mechanical components. When engaged, the brake pads or shoes that are made of a friction material convert the kinetic energy produced by the wheels of the vehicle into thermal energy, which helps in stopping the vehicle. This occurs due to the transfer of a small amount of the friction material from the brake pad or shoes onto the disc, thereby leaving a dull grey coating on it.

The analysts forecast global automotive brake components aftermarket to grow at a CAGR of 6.35% during the period 2017-2021.

Covered in this report

This report covers the present scenario and the growth prospects of the global automotive brake components aftermarket for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA

This report, Global Automotive Brake Components Aftermarket 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

  • ZF Friedrichshafen
  • Brembo
  • Federal Mogul
  • Akebono

Other prominent vendors

  • ADVICS
  • Eaton
  • TI Automotive
  • Dorman Products
  • Fras-le
  • Centric Parts

Market driver

  • Increasing efforts to reduce the cost of advanced braking systems across all vehicle segments
  • For a full, detailed list, view our report

Market challenge

  • Lack of high precision in tuning leading to possible fatalities
  • For a full, detailed list, view our report

Market trend

  • Rising adoption of carbon ceramic brake pads
  • For a full, detailed list, view our report

Key questions answered in this report

  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?

Published By: Technavio
Product Code: Technavio18322


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