Global Brake System report from Global Insight Services is the single authoritative source of intelligence on Brake System market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
The brake system is a crucial safety feature in any vehicle. It is responsible for slowing or stopping the vehicle when the driver applies pressure to the brake pedal. The system consists of the brake pedal, brake lines, brake pads or shoes, brake rotors or drums, and calipers or wheel cylinders. When the driver presses the brake pedal, hydraulic fluid is sent from the master cylinder to the calipers or wheel cylinders. This action causes the brake pads or shoes to press against the rotors or drums, which in turn slows or stops the vehicle.
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Market Segments
The brake system market is segmented by brake type, technology, actuation, and region. By brake type, the market is divided into disc, and drum. On the basis of technology, it is bifurcated into antilock braking systems, electronic stability control, traction stability control, and electronic brakeforce distribution. Based on actuation, the market is classified into hydraulic, and pneumatic. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World.
Key Players
The global brake system market includes players such as Continental AG, Brembo SpA, Hitachi Astemo Ltd, Mando Corporation, Haldex AB, Aisin Seiki Co, Delphi Technologies, Nissin Kogyo Co Ltd, Robert Bosch GmbH, and Knorr – Bremse AG.
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Key Drivers
Some of the key drivers of the brake system market include the increasing demand for passenger cars and commercial vehicles, the stringent government regulations regarding vehicle safety, and the need for reducing vehicle emissions.
The increasing demand for passenger cars and commercial vehicles is one of the key drivers of the brake system market. The growth of the automotive industry is fuelling the demand for brake systems.
The stringent government regulations regarding vehicle safety are another key driver of the brake system market. The government regulations are mandating the use of ABS and other advanced braking systems in vehicles.
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