Increasing vehicle production, rising safety concerns, and growing locomotive and rolling stock market fuels the growth of the market. However, low penetration of advanced braking systems in high-growth regions such as China and India are factors restraining the growth of the market. Introduction of by-wire technologies in brake system and regenerative braking system create opportunities for growth in the market.
The global brake system market is segmented based on application, type, technology, rolling stock & locomotive, and geography. The application segment includes PC, LCV, HCV, off-highway, wagon, RTV and locomotive. The market is classified based on type into disc and drum. The technology segment is classified into ABS, TCS, ESC, and EBD. On the basis of rolling stock & locomotive, the market is further categorized into Air, EP, ECP, and others. Geographically, the market is segmented into North America, Asia-Oceania, Europe, and Rest of the World (RoW).
The leading manufacturers operating in the market are ZF TRW Automotive Holdings Corporation, Continental AG, Aisin Seiki Co. Ltd., Akebono Brake Industry Co. Ltd., Haldex AB, Knorr-Bremse AG, Nissin Kogyo Co. Ltd., Mando Corporation, Brembo S.P.A., and Federal-Mogul Holdings Corporation. They have implemented various strategies, such as partnerships, expansions, mergers & acquisitions, joint ventures, and others in order to strengthen their position in the market.
KEY BENEFITS FOR STAKEHOLDERS:
The report offers an in-depth analysis of key driving and restraining factors of the global brake system market.
This report offers an in-depth quantitative analysis of the current market and estimations through 2015 and 2020, which assists in identifying the prevailing market opportunities.
An extensive analysis of dominant market shares for each segment helps in understanding the current status of market.
The report provides an extensive analysis of current and future market status of the global brake system market.
An in-depth analysis of key strategies adopted by leading manufacturers helps in understanding competitive scenario.
The report provides an exhaustive information about new product launches, research and recent developments of the global brake system market.
Geographically, the global brake system market is segmented into North America, Asia-Oceania, Europe, and Rest of the World (RoW).
BRAKE SYSTEM KEY MARKET SEGMENTS:
Brake System Market By Application
PC
LCV
HCV
Off-Highway
Wagon
RTV
Locomotive
Brake System Market By Type
Disc
Drum
Brake System Market By Technology
ABS
TCS
ESC
EBD
Brake System Market By Rolling Stock & Locomotive
Air
EP
ECP
Others
Brake System Market By Geography
North America
Asia-Oceania
Europe
Rest of the World (RoW)
Key Market Players:
ZF TRW Automotive Holdings Corporation
Continental AG
Aisin Seiki Co. Ltd.
Akebono Brake Industry Co. Ltd.
Haldex AB
Knorr-Bremse AG
Nissin Kogyo Co. Ltd.
Mando Corporation
Brembo S.P.A.
Federal-Mogul Holdings Corporation
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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