Automotive braking system is a device which is used to slow or stop a moving vehicle usually achieved by friction. A brake system is an important part of any vehicle to ensure the safety as the demand for speed is increasing steadily. Various types of braking system are used such as master cylinder, brake shoe, brake caliper, piston and many more but commonly used are disc brake and drum brake.
The major driver influencing the growth of automotive are increasing demand in vehicle production and demand for improving the vehicle safety enforced by the government whereas the high cost associated with automotive braking system can act as a restraining factor in the market. Increasing production of heavy vehicle is expect to fuel the market in the forecasted period.
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Major Players in the market are: Robert Bosch GmbH, ZF Friedrichshafen AG, Aisin Seiki Co., Ltd, Continental AG, Mando Corp., Autoliv Inc., AKEBONO BRAKE INDUSTRY Co. Ltd., Federal-Mogul LLC, Wabco Holdings Inc., and Hitachi Automotive Systems, Ltd.
Global Automotive Braking System Market Market: Applications and Types
Covid-19 Impact and Global Analysis – by Type (Disc Brakes and Drum Brakes); Vehicle Type (Two-Wheeler, Passenger Cars, LCV and HCV); Technology (Anti-Lock Braking System, Traction Control System and Electronic Stability Control); and Modes of Operations (Hydraulic Braking System and Pneumatic Braking System)
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- Global Automotive Braking System Market Market: This market research report focuses on Past-Current Size, Price, Trends, Shares, Segment & Forecast 2021-2027.
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This report provides
- An in-depth overview of the global market for Automotive Braking System Market.
- Assessment of the global industry trends, historical data, projections for the coming years, and anticipation of compound annual growth rates (CAGRs) by the end of the forecast period.
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- Discussion of R&D, and the demand for new products launches and applications.
- Wide-ranging company profiles of leading participants in the industry.
- The composition of the market, in terms of dynamic molecule types and targets, underlining the major industry resources and players.
- Study the market in terms of generic and premium product revenue.
- Determine commercial opportunities in the market sales scenario by analyzing trends in authorizing and co-development deals.
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