Automotive Brake Components Summary
The market for brake systems is primarily driven by the increase in vehicle production as a result of growing demand. Additionally, the brake system market is also influenced by government regulations reducing the stopping distance and environmental regulations surrounding brake pad and shoe residue. For instance, in the U.S., the National Highway Traffic Safety Administration (NHTSA) implemented stopping distance regulations in August 2020, where the stopping distance for unloaded three-axle trucks and loaded three-axle trucks was set to 235 feet and 310 feet, respectively.
The global Automotive Brake Components market will reach Volume Million USD in 2019 and with a CAGR xx% between 2020-2026.
Product Type Coverage Market Size & Forecast, Major Company of Product
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Automotive Brake Components Type etc. :
- Drum Brake
- Disc Brake
- Others
Demand Coverage Market Size & Forecast, Consumer Distribution :
- Passenger Vehicles
- Commercial Vehicles
Company Coverage Sales data, Main Products & Services etc. :
- Continental AG
- ZF Friedrichshafen AG
- Delphi Automotive PLC
- Valeo S.A
- Federal-Mogul Holdings
- Nissin Kogyo
- Robert Bosch GmbH
- Akebono Brake Industry
- Magneti Marelli S.p.A
- Mando Corporation
- Brembo S.p.A.
Major Region Market
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
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