Global Automotive Brake System Market 2021-2025
Technavio has been monitoring the automotive brake system market and it is poised to grow by $ 5.05 bn during 2021-2025, progressing at a CAGR of 4.48% during the forecast period. Our report on the automotive brake system market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing demand for safety measures to reduce accidental injuries and increasing electrification of vehicle components leading to innovations in the global automotive braking system market. In addition, increasing demand for safety measures to reduce accidental injuries is anticipated to boost the growth of the market as well.
The automotive brake system market analysis includes the type segment and geographic landscape.
Technavio's automotive brake system market is segmented as below:
- Passenger cars
- Commercial vehicles
By Geographical Landscape
- North America
- South America
This study identifies the increasing electrification in vehiclesas one of the prime reasons driving the automotive brake system market growth during the next few years.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on automotive brake system market covers the following areas:
- Automotive brake system market sizing
- Automotive brake system market forecast
- Automotive brake system market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive brake system market vendors that include Aisin Corp., Autoliv Inc., Brembo Spa, Continental AG, DENSO Corp., Hitachi Ltd., Hyundai Motor Group, Mando Corp., Robert Bosch GmbH, and ZF Friedrichshafen AG. Also, the automotive brake system market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.Companies Mentioned
Aisin Corp., Autoliv Inc., Brembo Spa, Continental AG, DENSO Corp., Hitachi Ltd., Hyundai Motor Group, Mando Corp., Robert Bosch GmbH, ZF Friedrichshafen AG