Transparency Market Research
Automotive hydraulic brake is a type of braking mechanism that utilizes brake fluid (glycol fluids) as joint between the brake pedal, brake shoes, and brake drums. Automotive hydraulic brakes are considered self-equalizing brakes and their function is based on the principle of Pascal’s law. In an automotive hydraulic brake, when the brake pedal is pressed, a pushrod creates pressure by means of brake fluid in the master cylinder, which in turn converts the hydraulic pressure into mechanical force. The converse occurs when the brake pedal is released. Most utility vehicles that are employed the various industries are incorporated with automotive hydraulic brakes. In 1914, Fred Duesenberg, founder of Duesenberg Automobile & Motors Company, Inc, first developed the hydraulic brake.
Advancements and developments in braking mechanism, owing to the rising demand for safety and security in vehicles, are expected to drive the automotive hydraulic brake market during the forecast period. Increase in vehicle production owing to the rise in demand for improved braking mechanism is also projected to boost the automotive hydraulic brake market during the forecast period. Automotive hydraulic brakes offer numerous benefits such as cost-effectiveness, efficiency, simple construction, and flexibility. These features are likely to augment the demand for automotive hydraulic brake during the forecast period. However, fluid leakage or brake fade after extended application are likely to lead to hydraulic brake failure. This is likely to hamper the automotive hydraulic brake market during the forecast period.
The global automotive hydraulic brake market can be segmented based on components, vehicle type, sales channel, and region. In terms of components, the automotive hydraulic brake market can be bifurcated into master cylinder, brake fluid, brake drum, and others. In terms of components, the brake fluid segment held a leading share of the automotive hydraulic brake market, as it is an integral part of the brake that transfers force into pressure. Glycol ether fluid is the brake fluid that is widely utilized in hydraulic brakes.
Based on vehicle type, the automotive hydraulic brake market can be classified into passenger vehicles and commercial vehicles. The passenger vehicles segment accounts for a major share of the market owing to the higher production of passenger vehicles. Rise in rate of adoption of automotive hydraulic brakes in passenger vehicles is due to the benefits offered by hydraulic brakes, such as enhances braking efficiency owing to low friction and higher leverage ratio, as compared to the mechanical braking system.
In terms of sales channel, the automotive hydraulic brake market can be divided into original equipment manufacturers (OEMs) and others. The OEMs segment accounts for a major share of the market, as a large fleet of vehicles are deployed with hydraulic brakes. The segment is expanding and is expected to witness healthy expansion during the forecast period owing to the high rate of adoption of hydraulic braking systems in vehicles.
Based on geography, the global automotive hydraulic brake market can be segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Among the regions, Asia Pacific accounts for a major share of the global automotive hydraulic brake market owing to the high rate of adoption and expansion of the automotive sector in the region. Easy availability of automotive components such as brake fluid and master cylinder and increase in production of vehicles with hydraulic braking systems are expected to boost the automotive hydraulic brake market in the region during the forecast period.
Prominent players operating in the global automotive hydraulic brake market include Federal-Mogul Motorparts LLC., Coremo Ocmea S.p.A., Svendborg Brakes, EBC Brakes., Clarks cycle systems Ltd., NK, Continental AG, Robert Bosch GmBH, White Drive Products, Rico, and Eaton.
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