Demand for Automotive Braking Components Surges as Developing Countries Focus on Production of Safe Vehicles

Published Date : Jul 30, 2018

Albany, New York, July 30, 2018: announced the addition of a new research report to its repository. The research report, titled “Automotive Braking Component Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026”, is a comprehensive review of the factors determining the trajectory of the overall market. The research report highlights the strengths and opportunities and provides solutions to tackle restraints and opportunities. The publication also includes market figures and segmentation in order to deliver a granular view of the market dynamics.

According to the research report, the global automotive braking component market will be driven the growing sales of automobiles in the coming years. The soaring production of vehicles, especially in the developing countries, is expected to be the primary growth driver. The rising disposable income that is allowing new-age consumers to purchase passenger vehicles is expected to play a critical role in the growth of the global automotive braking component market. Stringent norms pertaining to automobile safety has also propelled the uptake of automotive braking components such as calipers, brake discs, and disc rotors.

Out of the two types of calipers, the demand for fixed calipers is expected to remain the highest. This demand will be fueled by the growing sales of heavy haulage vehicles and sales of high-performance cars. These offer the best braking effect for vehicles carrying heavy load. The rigid mounting and excellent stiffness of fixed calipers is expected to win this segment a huge popularity in the coming years.

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On the basis of brake lines, stainless steel brake lines are expected to gain momentum. High resistance and ability to retain shape under extreme pressure are projected to be its unique selling points. They also provide a better brake pedal feel and exceptional durability. They are considered to be safer than rubber, which was conventionally used material.

In terms of regions, Asia Pacific is projected to lead the global market due to soaring production of vehicles in developing countries of China and India. Growing foreign direct investments and increasing government initiatives to raise vehicle production that meets the international standards are likely to propel the Asia Pacific automotive braking component market.

Some of the key players in the global automotive braking component market are ZF Friedrichshafen AG, Continental AG, Brembo S.p.A, Robert Bosch GmbH, Borg Warner, AISIN SEIKI, Hyundai Mobis, WABCO, Hitachi Ltd., Fujitsu Ten Ltd., and FTE Automotive. The research report provides a detailed explanation of the financial outlook of these companies, their business strategies, recent developments, and expansion plans for the near future. The publication also includes valuable comments by industry experts to help the readers understand profitable investment areas. The publication has been written in a completely unbiased manner and serves as a great tool to grasp the market in its entirety.

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