Global Automotive Brake Fluid Market is segmented further based on Product, End User, Fluid Type, Sales Channel, and Geography, IGR Competitive Analysis, Impact of Covid-19, Ansoff Analysis
Introduction
The Global Automotive Brake Fluid Market is estimated to be USD 1.05 Bn in 2021 and is expected to reach USD 1.59 Bn by 2026, growing at a CAGR of 8.6%.
Market Dynamics
The escalating necessity for lightweight vehicles and the growing production of vehicles is expected to enhance the automotive brake fluid market during the predicted phase. Upsurge in the requirement for vehicles with the improved braking system and rigorous rules on automotive industries concerning safety worries by global governing bodies is expected to drive the brake fluid market for automotive. Brake fluid is liable for numerous braking endeavors such as elasticity, longer life, better braking response, and endurance. This is possible to deliver beneficial opportunities to the automotive brake fluid market. Alertness among the end-users and absence of awareness is likely to restraint the growth of the global automotive brake fluid market during the anticipated period. Some other automotive brake fluid market restraints include high cost, changing braking fluid, amalgamation, and substitution.
Market Segmentation
The Global Automotive Brake Fluid Market is segmented further based on Product, End User, Fluid Type, Sales Channel, and Geography.
By Product, the market is classified as castor oil-based, glycol-based, and silicone-based. Amongst all, the glycol-based segment is estimated to hold the highest market share during the forecast period.
By End User, the market is classified as commercial vehicles, off-road vehicles, and passenger vehicles. Amongst all, the commercial vehicles segment is estimated to hold the highest market share during the forecast period.
By Fluid Type, the market is classified as non-petroleum based and petroleum-based. Amongst the two, the non-petroleum-based segment is estimated to hold the highest market share during the forecast period.
By Sales Channel, the market is classified as OEM and aftermarket. Amongst the two, the aftermarket segment is estimated to hold the highest market share during the forecast period.
By Geography, North America is projected to lead the market.
Recent Developments
1. Castrol announces the launch of Castrol ON ™, a range of advanced e-Fluids for improved electric vehicle performance. – 3rd June 2021.
2. FUCHS launches product line FUCHS BluEV for e-mobility. – 27th Aug 2020
Company Profiles
Some of the companies covered in this report are Chevron Corporation, China National Petroleum Corporation, Delian Group, Exxon Mobil Corporation, Robert Bosch GmbH, Fuchs Petrolub SE, etc.
IGR Competitive Quadrant
The report includes IGR Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Why buy this report
?The report offers a comprehensive evaluation of the Global Automotive Brake Fluid Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
The report also contains the competitive analysis using IGR Positioning Quadrants, Infogence’s Proprietary competitive positioning tool.
Report Highlights:
A complete analysis of the market, including parent industry
Important market dynamics and trends
Market segmentation
Historical, current, and projected size of the market based on value and volume
Market shares and strategies of key players
Recommendations to companies for strengthening their foothold in the market
- 1 Report Description
- 1.1 Study Objectives
- 1.2 Market Definition
- 1.3 Currency
- 1.4 Years Considered
- 1.5 Language
- 1.6 Key Shareholders
- 2 Research Methodology
- 2.1 Research Process
- 2.2 Data Collection and Validation
- 2.2.1 Secondary Research
- 2.2.2 Primary Research
- 2.2.3 IGR Models
- 2.3 Market Size Estimation
- 2.3.1 Bottom-Up Approach
- 2.3.2 Top-Down Approach
- 2.4 Assumptions of the Study
- 2.5 Limitations of the Study
- 3 Executive Summary
- 3.1 Introduction
- 3.2 Market Size and Segmentation
- 3.3 Market Outlook
- 4 Market Influencers
- 4.1 Drivers
- 4.1.1 Awareness Among Consumers in Vehicle Maintenance
- 4.1.2 Rising Wear and Tear in Brake Pistons
- 4.1.3 Cylinders Increase the Period Change of Brake Fluids
- 4.2 Restraints
- 4.2.1 Hygroscopic Properties of the Brake Fluids Causes Corrosion
- 4.3 Opportunities
- 4.3.1 Technological Advancements & Product Innovations
- 4.4 Challenges
- 4.4.1 Availability of Substitution with Advanced Innovations Such as Brake By Wire
- 4.5 Trends
- 5 Market Analysis
- 5.1 Regulatory Scenario
- 5.2 Porter’s Five Forces Analysis
- 5.3 Impact of COVID-19
- 5.4 Ansoff Matrix Analysis
- 6 Global Automotive Brake Fluid Market, By Product
- 6.1 Introduction
- 6.2 Castor Oil-Based
- 6.3 Glycol-Based
- 6.4 Silicone-Based
- 7 Global Automotive Brake Fluid Market, By End User
- 7.1 Introduction
- 7.2 Commercial Vehicles
- 7.3 Off-Road Vehicles
- 7.4 Passenger Vehicles
- 8 Global Automotive Brake Fluid Market, By Fluid Type
- 8.1 Introduction
- 8.2 Non-Petroleum Based
- 8.3 Petroleum Based
- 9 Global Automotive Brake Fluid Market, By Sales Channel
- 9.1 Introduction
- 9.2 OEM
- 9.3 Aftermarket
- 10 Global Automotive Brake Fluid Market, By Geography
- 10.1 Introduction
- 10.2 North America
- 10.2.1 US
- 10.2.2 Canada
- 10.2.3 Mexico
- 10.3 South America
- 10.3.1 Brazil
- 10.3.2 Argentina
- 10.3.3 Chile
- 10.3.4 Colombia
- 10.4 Europe
- 10.4.1 UK
- 10.4.2 France
- 10.4.3 Germany
- 10.4.4 Italy
- 10.4.5 Spain
- 10.4.6 Netherlands
- 10.4.7 Sweden
- 10.4.8 Russia
- 10.4.9 Rest of Europe
- 10.5 Asia-Pacific
- 10.5.1 China
- 10.5.2 Japan
- 10.5.3 India
- 10.5.4 Indonesia
- 10.5.5 Malaysia
- 10.5.6 South Korea
- 10.5.7 Australia
- 10.5.8 Sri Lanka
- 10.5.9 Thailand
- 10.5.10 Rest of APAC
- 10.6 Middle-East and Africa
- 10.6.1 Qatar
- 10.6.2 Saudi Arabia
- 10.6.3 South Africa
- 10.6.4 United Arab Emirates
- 11 Competitive Landscape
- 11.1 IGR Competitive Quadrant
- 11.2 Market Share Analysis
- 11.3 Strategic Initiatives
- 11.3.1 M&A and Investments
- 11.3.2 Partnerships and Collaborations
- 11.3.3 Product Developments and Improvements
- 12 Company Profiles
- 12.1 Beijing Haidian Huiyuan Synthetic Agents
- 12.2 Caltex
- 12.3 Castrol (BP)
- 12.4 Chevron Corporation
- 12.5 China National Petroleum Corporation
- 12.6 Delian Group
- 12.7 Exxon Mobil Corporation
- 12.8 Robert Bosch GmbH
- 12.9 Fuchs Petrolub SE
- 12.10 Irico Group
- 12.11 Jilin Hairun
- 12.12 Qingdao Copton Technology Company Limited
- 12.13 Royal Dutch Shell plc
- 12.14 Shenzhen Pingchi Industry Co
- 12.15 Sinopec Enterprise
- 12.16 The China National Petroleum Corporation
- 12.17 Tianjin Xuqi Gongmao
- 12.18 Total S.A.
- 12.19 Zhuhai Gaida Shiye
- 13 Appendix
- 13.1 Questionnaire
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