Global Automotive Brake Components Aftermarket 2017-2021

Global Automotive Brake Components Aftermarket 2017-2021

  • December 2017 •
  • 87 pages •
  • Report ID: 5242294 •
  • Format: PDF
About Automotive Brake Components Aftermarket

Automotive brake system helps in stopping or slowing down a vehicle. The automotive brake system is actuated by a group of hydraulic, electronic, or mechanical components.

When engaged, the brake pads or shoes that are made of a friction material convert the kinetic energy produced by the wheels of the vehicle into thermal energy, which helps in stopping the vehicle. This occurs due to the transfer of a small amount of the friction material from the brake pad or shoes onto the disc, thereby leaving a dull grey coating on it.

Technavio’s analysts forecast the global automotive brake components aftermarket to grow at a CAGR of 6.35% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global automotive brake components aftermarket for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA

Technavio’s report, Global Automotive Brake Components Aftermarket 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
• ZF Friedrichshafen
• Brembo
• Federal Mogul
• Akebono

Other prominent vendors
• ADVICS
• Eaton
• TI Automotive
• Dorman Products
• Fras-le
• Centric Parts

Market driver
• Increasing efforts to reduce the cost of advanced braking systems across all vehicle segments
• For a full, detailed list, view our report

Market challenge
• Lack of high precision in tuning leading to possible fatalities
• For a full, detailed list, view our report

Market trend
• Rising adoption of carbon ceramic brake pads
• For a full, detailed list, view our report

Key questions answered in this report
• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?

You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
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